Government to waive VAT on X-Factor charity single
The Chancellor, Philip Hammond has announced that the government will waive the VAT equivalent on the sales of this year’s X-Factor Christmas Charity single. All proceeds from the sale of the single are going to two charities; Together for Short Lives and Shooting Star Chase Children’s Hospice.
Both charities provide support for children with life-limiting illnesses and their families. The donation will be the equivalent of the sum of the VAT receipts collected on sales of the single from the winner of the reality show.
George Osborne, the Chancellor commented that:
‘Shooting Star Chase and Together for Short Lives do tremendous work supporting children with life-limiting medical conditions and the family members who care for them. I’m delighted to be able to help by handing back the VAT on sales of the single to ensure that as much money as possible goes to supporting these fantastic charities.’
The government has previously waived the VAT on previous X-Factor singles as well as for the Save the Children single, Band Aid Ebola single, 2011’s Military Wives Choir single and the 2010 Haiti earthquake appeal single.