Finance Division

Taxation

The following pages explain how different taxations apply to key areas of University activity.

On these pages you will find the following:

  • Company and tax reference numbers
  • Information on VAT - including a VAT overview (Subsidiaries and VAT Group, a VAT introduction, VAT rates and VAT as it applies to higher education), VAT on income (including how research is defined by HMRC and an overview of VAT on research income and expenditure), VAT on purchases (VAT reliefs available to the University and VAT levied on purchases from outside the UK) and VAT after Brexit.
  • An explanation of import duty - including how it is calculated and the changes that will apply from 2021 onwards.

End of temporary reduction in the rate of VAT for hospitality, accommodation and admission to attractions

In July 2020 the Government announced a temporary reduction in the rate of VAT from 20% to 5% for supplies of accommodation, eat in and takeaway food and entrance to visitor attractions in response to the coronavirus (COVID-19) pandemic.

The original rate reduction applied 15 July 2020 until 30 September 2021. From 1 October 2021 until 31 March 2022 the reduced rate has been increased to 12.5%.

The temporary reduction to VAT will end on 1 April 2022 and will revert to the standard rate of VAT at 20%.

Further guidance from HMRC on the temporary reduced rate can be found here.