{"id":7990,"date":"2014-12-20T09:58:20","date_gmt":"2014-12-20T09:58:20","guid":{"rendered":"https:\/\/coopsy.co.uk\/thenews\/?p=7990"},"modified":"2015-01-06T15:27:43","modified_gmt":"2015-01-06T15:27:43","slug":"charities-get-music-tax-break","status":"publish","type":"post","link":"https:\/\/the-news.uk\/index.php\/politics-2\/2014\/12\/charities-get-music-tax-break\/","title":{"rendered":"Charities Get Music Tax Break"},"content":{"rendered":"<header class=\"block headings-block\">\n<div class=\"inner-block floated-children\">\n<div class=\"heading-with-extra\">\n<div class=\"inner-heading\">\n<p class=\"type\" style=\"text-align: center;\">Rt Hon George Osborne MP<\/p>\n<p class=\"type\">By William Mills<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"block-3\"><\/div>\n<div class=\"block-4\">\n<div class=\"inner-block\">\n<div class=\"document body\">\n<div class=\"govspeak\">\n<p><strong>All VAT will be waived on the First World War memorial charity single, <em>All Together Now<\/em>, the government has announced.<\/strong><\/p>\n<p>All proceeds from the record will be donated to <strong>The British Red Cross<\/strong> and <strong>Shorncliffe Trust<\/strong>, which will use the funds to support the <strong>Heritage Park<\/strong> and <strong>Education Centre<\/strong> dedicated to the history of the modern <strong>British Army<\/strong>.<\/p>\n<p>The success of this single will mean the <strong>VAT<\/strong> waiver will be a significant additional boost to these charities.<\/p>\n<h4><strong>British Red Cross<\/strong><\/h4>\n<p>This will be funded by fines levied on banks for abusing the Libor system, which the government has earmarked for military good causes.<\/p>\n<h4><strong>Germany<\/strong><\/h4>\n<p>Performed by the Peace Collective, a collection of UK music artists and 60 under-12 footballers from both the <strong>UK<\/strong> and <strong>Germany<\/strong>, the single commemorates the centenary of the unofficial \u2018<strong>Christmas Truce\u2019 in December 1914<\/strong> when Allied and German soldiers laid down weapons to play football in no man\u2019s land.<\/p>\n<h4><strong>Tower of London<\/strong><\/h4>\n<p>Waiving <strong>VAT<\/strong> on this single is the latest step by the government to commemorate the First World War, which started 100 years ago: the government also waived the VAT on sales of ceramic poppies from the <strong>Tower of London<\/strong>, and used bank fines to fund the poppies\u2019 tour of the UK as a mobile memorial of the war.<\/p>\n<h4><strong>X Factor \u00a0 Band Aid Ebola<\/strong><\/h4>\n<p>The government has recently waived the VAT on this year\u2019s <strong>X Factor charity single<\/strong>, the <strong>Band Aid Ebola single<\/strong>, and previous VAT waivers on singles include <strong>2011\u2019s Military Wives Choir single<\/strong>, and the 2010 <strong>Haiti earthquake appeal single.<\/strong><\/p>\n<p><strong>George Osborne, the Chancellor of the Exchequer, said:<\/strong><\/p>\n<blockquote><p>I want as much money as possible that is made from this single to go towards supporting our brave armed forces \u2013 that is why I am giving back the tax paid on sales.<\/p>\n<p class=\"last-child\">It\u2019s only right that we use the centenary of the Christmas Truce of 1914 to commemorate our soldiers who fought for this country in the First World War, and to support our brave forces who are still fighting to defend Britain.<\/p>\n<\/blockquote>\n<p><strong>The Chancellor<\/strong> pledged that all the proceeds from these fines would be spent during this parliament on military and blue light good causes. So far, funding has been awarded to a range of projects from the Invictus Games to mental health support for ambulance, police and fire services.<\/p>\n<p>The VAT equivalent donation for this single will be transferred to the Ministry of Defence to be donated directly to these charities, as an equivalent to waiving VAT.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chancellor-&#8220;I&#8217;m giving back the tax&#8230;..&#8221;<\/p>\n","protected":false},"author":2,"featured_media":6817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[103],"tags":[1266,1267,329,1264,1263,1265],"class_list":["post-7990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics-2","tag-band-aid-single","tag-british-red-cross","tag-rt-hon-george-osborne-mp","tag-vat","tag-ww1","tag-x-factor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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