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VAT: Wishing on a Star

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The government is to ‘waive VAT’ on sales of the X Factor Christmas single by making a one-off charitable donation to ‘Together for Short Lives’, the charity chosen to benefit from sales of the song.

‘The donation will be equivalent to the sum of the VAT receipts collected on sales and will be funded by the Department of Health,’ HM Treasury said. 

Issue: 1103
Categories: News , Indirect taxes , VAT