Higher Education: VAT
The question
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of exempting VAT charges for universities that undertake shared services as a cross-sharing group.
Answered by James Murray
Universities can already benefit from exempting VAT charges for shared services within a cost sharing group providing certain conditions are met. This enables them to make efficiency savings by working together and sharing qualifying costs without incurring additional irrecoverable VAT.
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