The UT decision in University of Cambridge was a welcome one for partially exempt bodies with similar types of investment funds that derive income or capital for their overall economic benefit, report Nicholas Gardner and Shayaan Zaraq Bari (Ashurst).
Stephen Pevsner and Laura Charkin (King & Wood Mallesons) consider the new rules for fund managers
Commentary prepared by the Tolley tax team on the draft Finance Bill 2015 rules on:
Vaughn Chown and Kevin Hall explain why businesses, charities and VAT registered organisations which manage their investments for the benefit of their wider activities should consider making claims of previously unrecovered input tax on related costs.