The Chancellor of the Exchequer in his Pre-Budget Statement 2008 reduced the rate of VAT between 1 December 2008 and 31 December 2009. A report by the Director of Finance set out the implications for the Council of the return to the higher rate.

RESOLVED: That

(1)  the change to VAT for the period 1 December 2008 to 31 December 2009 be noted; and

(2)  the restoration of VAT at 17.5% from 1 January 2010 be noted.