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CHANGE OF VAT RATE FROM 1st JANUARY 2010

Submitted by Anonymous on 9 December 2009 - 10:38pm.
In his Pre-Budget Report to the House on 9th December 2009 the Chancellor of the Exchequer, Alistair Darling, confirmed that the standard VAT rate would revert to 17½% on 1st January 2010 “as planned”. The Chancellor also confirmed that “no other VAT changes are planned”. We have put together some notes addressing a range of issues which must be considered. Also, as requested by many local authorities, we have separately compiled a number of frequently asked questions which may be more widely circulated amongst colleagues. These papers are available in the Members’ Area of our website.