Covid-19 Live Events Sector
2021-09-16
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Response quality
Questions & Answers
Q1
Direct Answer
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Context
The live events sector has faced significant challenges due to the COVID-19 pandemic, including restrictions and financial difficulties.
What steps her Department is taking to help the live events sector return and recover from the covid-19 outbreak?
In July, we removed all restrictions, enabling audiences to return to live events. In August, the Government announced a live events reinsurance scheme worth £750 million, which will instil confidence and support events previously unable to obtain covid-19 cancellation insurance. DCMS has continued to support the events sector throughout the pandemic, including through the £2 billion culture recovery fund.
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Assessment & feedback
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Q2
Partial Answer
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The live music sector has faced significant challenges due to the pandemic, and VAT rates for event tickets are set to increase.
Will the Government consider a permanent extension of VAT relief on music tickets to aid the sector's recovery?
I assure my hon. Friend that I will be working closely with the Chancellor to discuss the support required for the live events sector. The 5% rate on VAT for event tickets has been extended until 30 September 2021, when the 12.5% reduced rate will be introduced until March 2022.
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permanent extension of VAT relief
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Q3
Partial Answer
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Context
Some promoters have expressed concerns about the effectiveness and coverage of the live events reinsurance scheme.
Has the Secretary of State any information on the take-up of that reinsurance scheme?
At this stage in my appointment, I am afraid I cannot give the hon. Gentleman an exact figure for the take-up, but I will write to him.
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