UK theatres and other arts and cultural organisations have welcomed the extension of tax relief announced in today’s Budget. Chancellor Jeremy Hunt extended the higher rates of Theatre Tax Relief (TTR), Orchestra Tax Relief (OTR) and Museums and Galleries Exhibitions Tax Relief (MGETR) for two years. The temporary higher headline rates of relief will be …
Industry leaders call on UK Government to intervene in energy crisis
Live entertainment industry organisations have called on the UK Government to take urgent action to support businesses that are set to be stung by rocketing energy bills this winter. A survey by the Music Venue Trust found that about 30% of its 941 venues are facing the threat of permanent closure without a solution to …
Calls grow to ditch impending VAT hike on concert tickets
UK Music chief executive Jamie Njoku-Goodwin has written to UK Chancellor Rishi Sunak to reconsider an impending VAT hike on concert tickets. The Chancellor is set to outline a mini-Budget for the country on March 23 in his Spring Statement. The VAT rise is set to come into force from April 1. Currently, the VAT …
Businesses urged to apply for leftover Government COVID support grants
English businesses are being urged to keep applying for £840m ($1.3bn/€1bn) worth of COVID-19 support grants, which are still available. Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Paul Scully, has urged businesses to apply for the grants, which were made available by the Government to councils across the country. Funding is made up …