Legal News

Court of Justice to review university’s input tax deduction (HMRC v Chancellor, Master and Scholars of the University of Cambridge)

Published on: 27 April 2018
Published by: LexisPSL
  • Court of Justice to review university’s input tax deduction (HMRC v Chancellor, Master and Scholars of the University of Cambridge)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?

Article summary

Private Client analysis: The Court of Appeal has referred a VAT question to the Court of Justice on whether the use of the services of fund manager by a university to manage its endowment fund and produce income should be treated as attributable to non-business activity of the university, or whether there is a sufficient link with the economic activities that the income subsidises. Simon Newark, VAT director of chartered accountants Hazlems Fenton LLP, comments on the consequences of the judgment and the potential impact on the not-for-profit sector. or take a trial to read the full analysis.

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