Trevor Sargent (Dublin North, Green Party)
Link to this: Individually | In context

Question 376: To ask the Minister for Finance the total VAT charged on the sales of the Band Aid DVDs and CDs launched at the end of 2004; and the way in which this compares to the money donated to the Band Aid Foundation by the Government. [10751/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

As I set out in my answer of 30 November 2004, an amount equivalent to the VAT paid on sales of the Band Aid CD and Live Aid DVD is to be paid from the Vote for International Co-operation to the Band Aid Trust.

Because the VAT collected from the sale of such goods is accounted for by retailers based on the totality of their sales over a taxable period, it is not possible for the Revenue Commissioners to specifically quantify the VAT in respect of an individual CD or DVD. However, I understand from the Department of Foreign Affairs, which is the accounting authority for the Vote for International Co-operation, that it is awaiting certified sales figures from the distributors before payment of the VAT content of the sales is made to the Band Aid Trust.