Cambridge Folk Festival news: #KeepVATat5 The past year has been the most difficult for the live music indust…
Latest update from Cambridge Folk Festival
📣 #KeepVATat5 The past year has been the most difficult for the live music industry, with a reduction of more than 80% in revenue across the industry, however keeping the VAT rate on tickets at 5% for the next three years will make the single biggest impact to the sector’s recovery. If it is reversed, the rate (which is due to end in March) will take millions from our industry when we need it the most. We are joining forces with our friends and peers to ask the Chancellor to #KeepVATat5. If successful, the entire ecosystem benefits: the crews, venues, managers, artists, agents, promoters and more! If you’d like to find out more and how you can help, please head here 👉👉 https://livemusic.biz/campaigns/
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