VAT – input tax – endowment fund for benefit of university – investment activity of university not an economic activity and outside scope of VAT – deductibility of input tax on fund management fees – whether fund management fees are overheads – yes – whether fund management services have direct and immediate link with economic activity of university as a whole – yes – appeal dismissed
[2015] UKUT 305 (TCC)
Bailii
England and Wales
VAT
Updated: 04 January 2022; Ref: scu.553182
