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ANDREW LEA

ANDREW LEA

Joined: 10/18/2024

  • Input VAT on expenses incurred on Out of Scope Grant funded scientific project

    6 days ago – Input VAT on expenses incurred on Out of Scope Grant funded scientific project
    Grant income has been received to fund a scientific research project and the provider has made it clear no return is expected and the grant is outside the scope of VAT. Our business is VAT registered and carries out commercial projects as well. I am looking for confirmation whether input VAT can be reclaimed on expenses incurred specifically matched to the out of scope income. The grant provider is insisting that it can be, and the grant covers the ex VAT costs only. The expenses incurred are a "business activity" in that the business owns any IP and outcomes of the project, which have commercial and scientific value.