The government will waive the expected VAT of up to £1.1m from sales of the poppies used within the First World War commemorative installation at the Tower of London and make a charitable donation of an equivalent sum using some of the LIBOR fines collected from banks, chancellor George Osborne s
The government will waive the expected VAT of up to £1.1m from sales of the poppies used within the First World War commemorative installation at the Tower of London and make a charitable donation of an equivalent sum using some of the LIBOR fines collected from banks, chancellor George Osborne said.
The 888,246 fundraising poppies in the installation, entitled The Tower of London Remembers: Blood Swept Lands and Seas of Red, were made by Derby-based ceramic artist Paul Cummins. Stage designer Tom Piper and Historic Royal Palaces have worked together to install the poppies in the moat of the Tower of London to commemorate British military fatalities during the First World War.
Announcing the waiver of VAT on the poppy sales, Osborne commented: ‘Each one of these poppies brought from their Derby factory to the Tower of London represents a British soldier who answered the call from their country a century ago and made the ultimate sacrifice. Their sacrifice reminds us of the part played throughout recent times by our Armed Forces to preserve our security and freedom, and of the debt we owe them. It is therefore right that we use the fines from those who’ve demonstrated the worst of values to support those who demonstrate the best of values every day.’
The government will waive the expected VAT of up to £1.1m from sales of the poppies used within the First World War commemorative installation at the Tower of London and make a charitable donation of an equivalent sum using some of the LIBOR fines collected from banks, chancellor George Osborne s
The government will waive the expected VAT of up to £1.1m from sales of the poppies used within the First World War commemorative installation at the Tower of London and make a charitable donation of an equivalent sum using some of the LIBOR fines collected from banks, chancellor George Osborne said.
The 888,246 fundraising poppies in the installation, entitled The Tower of London Remembers: Blood Swept Lands and Seas of Red, were made by Derby-based ceramic artist Paul Cummins. Stage designer Tom Piper and Historic Royal Palaces have worked together to install the poppies in the moat of the Tower of London to commemorate British military fatalities during the First World War.
Announcing the waiver of VAT on the poppy sales, Osborne commented: ‘Each one of these poppies brought from their Derby factory to the Tower of London represents a British soldier who answered the call from their country a century ago and made the ultimate sacrifice. Their sacrifice reminds us of the part played throughout recent times by our Armed Forces to preserve our security and freedom, and of the debt we owe them. It is therefore right that we use the fines from those who’ve demonstrated the worst of values to support those who demonstrate the best of values every day.’
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