- Appeal regarding VAT exemption for fund management services provided to special investment funds
- CCLA Investment Management Limited provides services to investment funds for charities, Church of England entities, and local authorities
- Services historically treated as taxable for VAT, but CCLA contends they should be exempt
- Amount of output tax in dispute is over £70m plus interest
- Hearing addresses the principle of whether CCLA is entitled to a refund
- Evidence presented by CCLA’s chief executive and an expert in investment management
- Decision on refund amount to be determined after the principle is established
Source: bailii.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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