University of Cambridge v Revenue and Customs: FTTTx 19 Aug 2013

FTTTx Value added tax – whether input tax recoverable – tax incurred on non-business investment activity raising income used by University to facilitate and support its other activities both taxable and exempt – whether fees incurred on management of fund an overhead for input tax to be treated as residual – yes – tax recoverable under Appellant’s partial special exemption

[2013] UKFTT 444 (TC)
Bailii

VAT

Updated: 20 November 2021; Ref: scu.515231