The Music Venue Trust, the organisation which lobbies to protect UK grassroots music venues, has issued a stark warning in the wake of last week's UK Government budget, which included a cut to the tax relief granted to grassroots venues.
Currently, such venues benefit from 75% business rate relief, but this is being reduced to 40%. The Trust say that the additional tax burden across the sector far exceeds potential profit and that many venues are subsequently at risk.
