More funds for Help For Heroes! Government waives VAT for The X Factor single Hero
Last updated 11/3/2008 1:45:42 PM
Government waives VAT for The X Factor single Hero
The Chancellor of the Exchequer, Alistair Darling, has announced that the Government will waive VAT on the sale of the huge selling X-Factor Help For Heroes single.
Mr Darling will make an exceptional one-off charitable donation equivalent to the sum of the VAT receipts collected on sales of the single.
Recognising the commitment and exemplary service of Britain's armed forces, the Chancellor said he wanted to ensure that every penny people pay for this record goes to support the work of Help For Heroes, who provide vital care for men and women wounded in the line of service.
"I very much support the Help For Heroes campaign and the efforts of the X-Factor contestants," Mr Darling said.
The fundraising song, a cover of Mariah Carey's hit Hero, was performed by the twelve finalists of this year's ITV1 show on last weekend's show.
All net record proceed are going to Help For Heroes, a charity that provides support for wounded servicemen and women. Help for Heroes will share all proceeds of the single with the Royal British Legion's Poppy Appeal.
The track is on course to be Britain's new number one. Midweek sales showed that the single was outselling the rest of the songs in the top ten combined, so it's on track to become the top selling single of 2008.
The single is already sitting at number one in the iTunes and Play.com download charts, with Play.com recording that more than 700 people a minute downloaded the song after the show.
The unprecedented sales have seen the single temporarily sell out at Amazon and some other high street and online retailers.
Makers of the X Factor single have been working around the clock to press more copies of the Hero CD to keep up with the phenomenal demand.
We have uploaded the video clip for you if you havent seen it yet.
For more information on this inspiring song from The X factor go to http://xfactor.itv.com/ and you can download it here at play.com