Together for Short Lives gets VAT bonus from government

Contractor accountants may be pleased to learn that George Osborne released a bit of early festive spirit when he announced that the VAT on the charity X-Factor Christmas single is to be waived.

The charity Together for Short Lives will now benefit from an exceptional one-off donation equal to the sales VAT receipts on the single.

George Osborne and Andrew Lansley said they want to boost the amount of money the charity receives. Osborne explained that Together for Short Lives does amazing work to support children who have only a short time to live and he will give them back the VAT collected by HMRC on the Christmas single.

Andrew Lansley said he was delighted to support the cause and hopes the government’s gesture will make a big difference to the people the charity supports.

The song, entitled Wishing on a Star, was released on November 27th. It was performed by JLS, One Direction and the sixteen 2011 finalists of the X-Factor ITV1 show. The net-proceeds of the song will go straight to the charity. The Department of Health’s donation will equal the VAT on all sales of the single before the end of this year.

Together for Short Lives provides support to around 23,500 youngsters, who are unlikely to reach adulthood. The chief executive of the charity, Barbara Gelb, said she had written to David Cameron asking him to hand back the VAT and she was delighted that he had agreed.

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