Music Venues: Tax Allowances

Treasury written question – answered at on 29 March 2023.

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Photo of Lord Bassam of Brighton Lord Bassam of Brighton Shadow Spokesperson (Energy and Net Zero), Shadow Spokesperson (Science, Innovation and Technology), Shadow Spokesperson (Culture, Media and Sport)

To ask His Majesty's Government what assessment they have made of the case for granting tax relief for grassroots music venues to grant them parity with theatres, orchestras and other cultural institutions.

Photo of Baroness Penn Baroness Penn The Parliamentary Secretary, HM Treasury

The Government recognises the value of the UK’s world leading creative industries and arts sectors.

The objective of the creative industry tax reliefs is to support and incentivise production rather than to support venues themselves.

The Government keeps all tax policy under review and regularly receives proposals for new tax reliefs. When considering a new tax relief, the Government must ensure it supports businesses in a fair way and that taxpayer money is effectively targeted. A tax relief for grassroots music venues is not currently under consideration.

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