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HM Revenue and Customs v University of Cambridge: UTTC 9 Jun 2015

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

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