The Chancellor George Osborne MP has agreed to waive VAT on sales of Band Aid’s 30th anniversary single. Sales of the new recording will generate funds for the fight against Ebola.
Osborne said yesterday:
“I spoke to Bob Geldof this morning and I confirmed that we would waive VAT on the Band Aid anniversary single. It’s fantastic that he’s got so many musicians together again to help fight Ebola – and I wanted to make sure every penny raised goes to combat this terrible disease”.
International Development Secretary Justine Greening added:
“We are waiving VAT on the new Band Aid single to make sure people’s donations go even further as we fight to contain and control this terrible disease.
“The UK’s £230 million Ebola response is already saving lives in Sierra Leone. Every Band Aid single sold will help provide more treatment and care in West Africa”.
In fact, the Government doesn’t waive VAT. It refunds a sum equivalent to the amount paid in VAT.
The Government has refunded the VAT paid on Band Aid’s previous fundraising singles, on some other charity singles, and on some other fundraising campaigns, most recently for the sale of the Tower Poppies.
Band Aid 30
The video of the single is out now, with links to where you can buy and download the single:
Band Aid 20
Here is some of our coverage of Band Aid 20 from 10 years ago.
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