Commentary

RCB/27/07 VAT—cultural exemption—clarification of “direct or indirect financial interest”

Part V16 Forms and other HMRC material

RCB/27/07 VAT—cultural exemption—clarification of “direct or indirect financial interest”

RCB/27/07 VAT—cultural exemption—clarification of “direct or indirect financial interest”

Revenue & Customs Brief, Issue 27. 22 March 2007

This Brief provides guidelines, in the light of recent Court of Appeal Judgments in the cases of Bournemouth Symphony Orchestra (C3/2005/1681) and Longborough Festival Opera (C3/2006/0369), on how to interpret the term “direct or indirect financial interest”. This is for the purpose of the exemption for cultural services contained in VATA 1994 Sch 9 Group 13. The term is relevant because one of the conditions for exemption for services provided by an “eligible body” under Item 2 of that Group is that the

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