HMRC have focused much attention on University research in the last few years, both from a VAT and a Corporation Tax perspective.

As well as having to decide whether or not a particular research contract is subject to VAT or not, we now have to decide whether or not it is classed as ‘business’ or ‘non-business, and primary purpose or non primary purpose for Corporation Tax.

Every new research account and contract has to be flagged at inception showing if it is:


Professional Services