VAT exempt bodies given guidance on the VAT cost sharing exemption

HM Revenue and Customs (HMRC) is carrying out an informal consultation on its proposed guidance on the new VAT cost sharing exemption, which is to be introduced sometime in July. 28 Mar 2012

University pension scheme close to £3bn in deficit, valuation reveals

The Universities Superannuation Fund (USS) is £3 billion short of meeting its current liabilities to pension scheme members, according to press reports. 07 Feb 2012

Out-Law Guides

Government reveals plans for publicly-funded research to be freely accessible

All publicly-funded research data should be made freely accessible to benefit business and society, the Government has said. 20 Dec 2011

Charities and universities to benefit from VAT exemption for shared services

The Government will implement EU proposals that will allow charities and universities to share services without charging each other VAT, according to proposals published in today's draft Finance Bill 2012. 06 Dec 2011

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