MusicWeek now reports that concerts will now benefit from the VAT cut.However, it is currently unclear whether advance ticket sales for gigs beyond the January 12 cut-off for the reduction will still qualify.Pleased to confirm VAT cut from 20% to 5% for “attractions” announced by @RishiSunak includesShows, Theatres, Circuses, Fairs, Amusement Parks, Concerts, Museums, Zoos, Cinemas & ExhibitionsWe will announce further steps on path to reopening shortly@EquityUK #PlanForJobs pic.twitter.com/V04WNPMXQM— Oliver Dowden (@OliverDowden) July 8, 2020It’s also yet to be confirmed whether festivals will qualify for the VAT cut too.
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