Comment for the Times Higher Education on VAT incentives for shared services.
A forthcoming report by University Alliance into efficient and effective use of public funds by universities will recommend that the government reviews its position on VAT for shared services.
Libby Aston, Director of University Alliance, said:
“By implementing a more flexible framework to VAT, universities would be better able to out-source suitable services alongside other public bodies, reducing costs and making more effective use of limited public money. At a time when the sector is experiencing financial pressures it is crucial that barriers such as this are removed sooner rather than later. Opportunities for greater efficiencies should be encouraged not hindered.”
Notes to Editors
University Alliance represents 23 major, dynamic, business-like universities at the heart
of the sector that deliver world-leading research with impact and are actively business focussed.
Through evidence-based policy and research, the Alliance aims to improve policymaking in higher education to the benefit of the UK economy and society.
Alliance universities educate 27% of all UK students and achieve some of the highest graduate-level employment rates. These universities offer a research informed, academic learning environment and a culture of entrepreneurialism, equipping graduates for the 21st century.
Aberystwyth University, Bournemouth University, University of Bradford, De Montfort University, University of Glamorgan, Glasgow Caledonian University, University of Gloucestershire, University of Hertfordshire, University of Huddersfield, University of Lincoln, Liverpool John Moores University, Manchester Metropolitan University, Northumbria University, Nottingham Trent University, Open University, Oxford Brookes University, University of Plymouth, University of Portsmouth, University of Salford, Sheffield Hallam University, University of Wales Institute, Cardiff, University of Wales, Newport, University of the West of England.
For further information, please contact: Tim Field, University Alliance on 0203 178 7491 or email firstname.lastname@example.org