Revenue and Customs Commissioners v Chancellor, Master and Scholars of the University of Cambridge  BVC 16
 EWCA Civ 568
Lord Justice Patten, Lord Justice Sales, and Lord Justice Lindblom
Decision released 27 March 2018
Value added tax – Input tax – Endowment Fund for benefit of University – Investment activity of University – Deductibility of input tax on fund management fees – Whether fund management fees were overheads – Whether fund management services had direct and immediate link with economic activity of University as a whole.