Claim OwnershipThe Price of Music
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Steve Lamacq and Music Ally's Stuart Dredge take a weekly look at the money behind the music industry.
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Great listen guys. A minor correction though. Steve is right to say VAT makes up more of the price of a ticket here than elsewhere. He isn't right in saying that VAT makes up 20% of the total price though. VAT of 20% is added to the net amount, so in the example of a ticket that costs £150 altogether, £25 of it would be VAT. To work back from the total you divide by 1.2 rather than multiply by 0.8.
Interesting to pull back the curtain on the lesser known side of the music industry.