19 August 2013

FTT Decision: University of Cambridge v HMRC

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

Andrew Hitchmough QC, instructed by the University of Cambridge, acted for the Appellant.

Please click here for the full decision.