Chancellor of the Exchequer has today announced that the Government will waive VAT on sales of the X-Factor Christmas single.
The Chancellor of the Exchequer, George Osborne, has today announced that the Government will waive VAT on sales of the X-Factor Christmas 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, which makes a number of charitable grants each year.
Recognising the exceptional contribution Together for Short Lives makes through its work with children with life-limiting illnesses and the wide ranging support it provides to their families, George Osborne and Health Secretary Andrew Lansley want to maximise the donation the charity receives by adding the VAT equivalent.
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.
Notes for Editors
The fundraising song (Wishing on a Star), is performed by the sixteen finalists of this year’s ITV1 show X-Factor, as well as JLS and One Direction, and is released on 27 November. All net record proceeds are going to Together for Short Lives, a charity that provides support for children who are unlikely to reach adulthood and their families.
The Department of Health has also already provided £30 million of funding to children’s hospices in the last financial year.
The donation will be equivalent to the sum of the VAT receipts collected on sales before the end of December 2011.
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