AIF

AIF statement on The UK Chancellor's Spring Budget 2024

"Festivals need a temporary reduction in VAT on ticket sales from 20% to 5% in order to recover from the impact of Covid and Brexit..."

London, 6th March 2024 A statement from AIF CEO John Rostron on The UK Chancellor’s Spring Budget 2024:

“We’re disappointed that our calls for support for the UK music festival sector have not been met. Festivals need a temporary reduction in VAT on ticket sales from 20% to 5% in order to recover from the impact of Covid and Brexit, which has created a credit crunch that is seeing successful festivals having to postpone or cancel this year months before their events are due to take place. Yet another festival fell yesterday – the 15th event to fall already in 2024. Theatre has made the case for tax relief, which is being extended indefinitely. We urge the Chancellor and the Treasury to now turn to festivals and offer a fraction of that support to ensure more events do not make 2024 their last.”
AIF

The Association of Independent Festivals (AIF) is the UK’s leading national not for profit festival trade association representing the interests of 105 UK music festivals, ranging from 500 to 80,000 capacity.