VAT waived for X Factor Charity Single
The Chancellor of the Exchequer, George Osborne, has today announced that the Government will waive VAT on sales of the X-Factor charity single by making an exceptional one-off charitable donation to Together for Short Lives, the charity chosen to benefit from sales of the song. The donation will be equivalent to the sum of the VAT receipts collected on sales and will be funded by the Department of Health.
Barbara Gelb, Chief Exec of Together for Short Lives said:
"We wrote to the Prime Minister and the Chancellor urging that the Government hand back to us the VAT on the X Factor charity single, and we are delighted that they have agreed. The 20% on top of sales will be a wonderful boost to funds that will go to helping the estimated 23,500 children in the UK unlikely to reach adulthood make the most of every minute they have. It also recognises the work of the remarkable organisations that support these children and families."
George Osborne said:
"I know that Together for Short Lives does great work supporting life-limited children and their families. To help these children, I will give back to the charity the money the tax man collects on the X Factor charity single so that more of the money the generous British public spend on the single will go directly to the charity."
Andrew Lansley said:
"I'm very happy to be able to support a cause like this. I hope this gesture will make a huge difference to the children and young people Together for Short Lives supports."