If I understand correctly, you are loaning funds to students for the
purpose of purchasing equipment.
Given that the equipment in question is specifically designed for a
disabled person, such as a Braille Printer for example, then:-
If the "bank" buys it, so as to retain title or ownership until the loan
has been re-paid, then VAT must be charged, as the invoice would be made
out to the Bank/Loan Scheme.
If the disabled Student buys the equipment, such that the
company/supplier raises the invoice in the Students name, then it can be
Zero Rated. (Subject to the VAT rules for adaptive equipment)
It can be a hairy subject, so tread carefully, and don't always accept
what your local VAT office say.
All the best,
George W F Bell
Techno-Vision Systems Ltd
-----Original Message-----
From: C Dresser [mailto:[log in to unmask]]
Sent: 01 February 2002 12:25
To: [log in to unmask]
Subject: VATRating
I know there has been discussion in the past on the list, but I
wasn't listening.
Here at Cardiff Uni we have DPDP/HEFCW funding to set up bank of loan
equipment for disabled students. Should this be 0% VAT rated? Our
Finance Dept. say only for medical reasons. Does disability not come
under this heading?
Any info gratefully received.
Kate Dressser
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