The Commissioners for HM Revenue and Customs v The Chancellor, Masters and Scholars of the University of Cambridge: [2015] UKUT 0305 TCC
Upper Tribunal Tax and Chancery decision of Mr Justice Simon and Judge Sinfield on 09 June 2015.
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VAT 鈥� input tax 鈥� endowment fund for benefit of university - investment activity of university not an economic activity and outside scope of VAT 鈥� deductibility of input tax on fund management fees - whether fund management fees are overheads 鈥� yes - whether fund management services have direct and immediate link with economic activity of university as a whole - yes - appeal dismissed.
Updates to this page
Published 1 December 2016