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As this year's Red Nose Day single with One Direction was revealed for the first time, the government confirmed it will hand back the VAT on sales of the single to Comic Relief.
The single “One Way or Another (Teenage Kicks)” is a mash up of Blondie and The Undertones 1978 hits.
In recognition of the special place held for Comic Relief in the British public’s affections and its outstanding work in tackling poverty around the world, the government has announced that it will cover the cost of VAT on sales of the single from the overseas development budget, with DFID making a charitable donation that will be the equivalent of the VAT.
That means the government is effectively ‘giving back’ the VAT to Comic Relief, so even more money will go towards the good causes that Comic Relief supports.
The Chancellor of the Exchequer George Osborne said:
Comic Relief has done a fantastic job for over two decades. I am pleased to be able to say the government will effectively waive the VAT on sales of the Comic Relief single, ensuring that as much money as possible goes towards good causes across the UK and the rest of the world .
International Development Secretary Justine Greening said:
In the 25 years since the first Red Nose Day, the public support has been amazing and I am delighted that the government will give back VAT costs on this year’s single. When you buy this song, your money will change lives in the UK and around the developing world.
Kevin Cahill, CEO Comic Relief said:
I’m absolutely delighted that the government is going to grant the VAT on the sale of One Way Or Another back to Comic Relief. It means that as much money as possible will go to the people who need it most and will add to the success of this year’s Red Nose Day campaign.
The Prime Minister welcomed One Direction to Downing Street to film part of the official Red Nose Day music video at the end of last year and has a short cameo role in the video.
Red Nose Day is on Friday 15 March 2013.
Published: 17 February 2013