This report provides an update on the Value Added Tax (VAT) partial exemption position of the Council.

The subject of the decision:

This report provided an update on the Value Added Tax partial exemption position of the Council.

Alternative options considered:

The options considered were detailed within the report.

The reason for the decision:

Monitoring the Value Added Tax partial exemption limit contributed to the overall financial position of the Council which assisted in ensuring the Council’s service requirements were met which supported the achievement of the priorities set out in the Council Plan.

THE DECISION:

That Cabinet approves and recommends to Council that:-

(1)     external advice is sought on the Value Added Tax and tax implications of the Council’s partial exemption limit to understand how to achieve the Council’s optimal Value Added Tax position;

(2)     there is the intent to investigate the potential of placing leisure centres into a vehicle;

(3)     £15,000 is allocated from the One-Off Fund; and

(4)     a further report is brought back to Cabinet to report on progress.