UK & World News
Comic Relief Gets Tax Boost From Osborne
Comic Relief has had a huge boost after the Government confirmed it will hand back the VAT charged on sales of the Red Nose Day single.
One Direction's One Way Or Another (Teenage Kicks) is a mash-up of the 1978 hits by Blondie and The Undertones.
The official gesture is "in recognition of the special place held for Comic Relief in the public's affections and its outstanding work in tackling poverty around the world".
The charity has raised around £750m since it was set up in 1985.
The Department for International Development is to make a charitable donation equivalent to the VAT charged on the records.
Officials point out that this means the Government is effectively "giving back" the VAT to Comic Relief, so even more money will go towards the good causes that it supports.
Chancellor George Osborne said: "Comic Relief has done a fantastic job for over two decades."
International Development Secretary Justine Greening said: "In the 25 years since the first Red Nose Day, the public support has been amazing and I am delighted that the Government will give back VAT costs on this year's single.
"When you buy this song, your money will change lives in the UK and around the developing world."
Comic Relief CEO Kevin Cahill said: "I'm absolutely delighted that the Government is going to grant the VAT on the sale of One Way Or Another back to Comic Relief.
"It means that as much money as possible will go to the people who need it most and will add to the success of this year's Red Nose Day campaign."
Red Nose Day is on March 15.
David Cameron hosted One Direction at Downing Street to film part of the single's video at the end of last year and has a short cameo role.
The five band members - Harry, Zayn, Liam, Niall and Louis - travelled to the Ghanaian capital Accra to see how money donated can make a difference to hard-pressed medical and other projects.