THE: Lift tax-barrier to shared services, Alliance pleads
…ress on a more “flexible framework” for VAT could hinder the potential for efficiency savings in the sector. Currently, institutions that want to share activities such as payroll management must save at least the cost of VAT – 17.5 per cent – as although universities are classed as VAT-exempt, they cannot reclaim the tax paid on the services they buy. The previous government said in the Budget statement in March that it would “consider options” fo…