Thanks George
No. The money is to provide a bank of equipment which can be lent to
students, either while awaiting their own equipment from DSA, or
because they are disabled and don't qualify for DSA, or because they
have become temporarily disabled or injured through accident. The
equipment would remain property of university.
Kate Dresser
On 1 Feb 2002 at 12:48, George Bell wrote:
> 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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