UNIVERSITY CHALLENGE?

摘要

VAT Information Sheet03/2010 provides 'new guidelines' from HM Revenue & Customs on the VAT status of university subsidiary companies. The essence of this is to identify cases where a subsidiary company may stand in the shoes of its mother university and provide the same kind of service. HMRC's contention is that often the subsidiary company will be acting as a 'college' of the said university, and supplies made by that company will thus be exempt rather than taxable. The hidden message, perhaps, is that attempts to create taxable supplies where that is advantageous simply by using a subsidiary company of a university can be attacked by reference to the criterion that a college of a university makes exempt rather than taxable supplies.