Issue - meetings

Report by Head of Strategic Finance

The Council asked tax consultants KPMG to carry out an VAT Risk Review to identify any areas of potential risk in the Council’s VAT accounting processes.  A report outlining any issues identified by KPMG and the procedures that have been put in place, or are in the process of being put in place, in order to reduce the level of risk was considered.

Decision

Noted the contents of the report and that further updates will be provided once all action points were complete.

(Reference: Report by Head of Strategic Finance dated 18 June 2014, submitted)