Endowment funds must pay VAT on investment fees, EU court rules

Europe
On the 07.04.19 at 3:15PM

par

Adrien Paredes-Vanheule

The University of Cambridge has been engaged in a value added tax claim fight with British tax administration HMRC since 2009.
Kings College, Cambridge

Fees paid by endowment funds for investment purposes do not fall into the scope of value added tax (VAT) deduction, the Eighth chamber of the Court of Justice of the European Union has stated in a ruling on 3 July consulted by

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