VAT for Cultural Products

ICMP believes that music disks and online music should be eligible to benefit from a reduced rate of Value Added Tax under the EU VAT Directive, in line with the reduced rate currently available for other cultural products. This would be consistent with EU policy which recognises culture, growth and innovation as key values and which acknowledges the crucial role of the creative sector in driving growth and employment in Europe. It would also help in the fight against the black economy by encouraging legitimate music consumption and would improve access to culture.