New Live Aid DVD to get VAT cash
| New Live Aid DVD to get VAT cashmoney paid on sales of its new DVD and the new version of the 1984 hit Do They Know It's Christmas?The decision by Chancellor Gordon Brown could hand the charity more than �4m.
Mr Brown said Band Aid's impact had been huge and he wanted to do all he could to help its latest project.
Live Aid founder Bob Geldof called the decision a "remarkable gesture" which would help alleviate the misery of the hungry in Africa.
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The possible �4m price tag on the VAT refunds are based on the DVD, which is released on Monday, selling 500,000 copies and 1m copies of the new CD.
The new Band Aid 3 version of Do They Know It's Christmas, which comes out next month, features artists such as Sir Paul McCartney, Chris Martin from Coldplay, Robbie Williams, Dido and Ms Dynamite.
Next month marks the 20th anniversary of the Band Aid single
Midge Ure, who masterminded the Do They Know It's Christmas? record in 1984, said: "It's a sad indictment that it's taken 20 years for this to happen again.
posted by Utahsaint @ 6:05 AM
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