Royalties

Income to the University from royalties is liable to Vat at the standard rate.

Graduation Services

Graduation services supplied by the University to its students on completion of their courses are exempt from VAT.  These services typically include a presentation ceremony and the provision of a degree certificate.

Any commission received, say, from the photographer or gown-hirer, must be accounted for at the standard rate of VAT.

Library Income

The supply of lending books by the University is zero-rated.  The sale of books is zero rated.

The photocopying of a complete zero-rated item (e.g. a book or a brochure) is also zero rated provided that it retains the character of the photocopied item.

The supply of other types of photocopying is exempt if supplied to the University’s students for an educational purpose and standard rated if not.

PC clinic

The income from the PC clinic is standard rated.

Postage

The sale of a current UK stamp that is a valid postage stamp at or below cost is exempt.  Other supplies of postal services are standard rated.