Chancellor waives VAT for charity poppies
07 Nov 2014
Military charities are set to gain an extra £1.1 million from the untaxed sale of the Tower of London's 888,246 ceramic poppies, which will retail for £25 each.
Chancellor George Osborne announced the VAT waiver as the Government's contribution to the fund which will be distributed amongst six military trusts: Cobseco, Combat Stress, Coming Home, Help for Heroes, the Royal British Legion and the Soldiers', Sailors', and Airmen's Families Association (SSAFA).
Mr Osborne said: '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.
'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 art installation, Blood Swept Lands And Seas by ceramic artist Paul Cummins consists of hundreds of thousands of poppies progressively filling the Tower of London's moat, and has proved hugely popular with the public. It will be dismantled by 11,000 volunteers beginning on 12 November, by which time it is expected that some four million people will have visited it.