This Order, which comes into force on 1st December 2008, reduces the rate of Value Added Tax by 142/7 percent to effect a reduction from 17.5 per cent to 15 per cent and makes a consequential change to the Value Added Tax Act 1994. This Order will have effect from 1st December 2008 to 30th November 2009.
The Value Added Tax (Change of Rate) Order 2008
Order
Finance Act 2009
s. 9(1)
3
In section 2(1) (rate of VAT)2, the rate of tax charged by virtue of that section shall be decreased by 142/7 per cent.