Andy Burnham to cut tax for pubs, clubs and live music in England and make vape shops pay more – business live
Summary
Prime Minister Andy Burnham has cut business taxes by 20% for pubs, clubs, and live music venues in England. The plan will cost around £100 million a year and will be partly paid for by increasing taxes on vape shops and some online businesses that do not pay their fair share.Key Facts
- Business rates for pubs, clubs, and live music venues will be reduced by 20%.
- The tax cut will save a typical pub about £1,100 next year.
- Around 32,000 businesses will benefit from the tax cut.
- Large music venues are excluded from the tax cut, and details will be announced at the autumn Budget.
- The government will review taxes on “anti-social businesses,” targeting vape shops in particular.
- There will be efforts to tax online marketplace sellers who do not properly pay taxes.
- Andy Burnham aims to support local businesses and save venues important to community life.
- Hospitality groups have welcomed the cuts but want more details and broader support in the future.
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