Published on Finance Division (https://www.finance.admin.cam.ac.uk)

Home > Policy & Procedures > Financial Procedures > Chapter 9 - VAT and Other Taxes > Sales/Income in the UK > Sales of medically exempt items (zero-rated)

Sales of medically exempt items (zero-rated)

Other universities buying goods from us may claim medical exemption provided that they meet all the conditions. To do so they need to:

  • provide the University with a medical exemption certificate; and
  • meet the conditions set out in the medical exemption purchasing section of this guide – see Medically Exempt Purchases [1]

Although called 'exemption' for VAT purposes it is actually a zero-rating and the transaction needs to be entered into the Accounts Receivable module on CUFS with the tax code of ZR - Zero Rated

Please see section Medically Exempt Purchases [1] for further information on what supplies are eligible for Medical Exemption. We have a responsibility as a supplier to make sure that goods are eligible for relief before accepting that the exemption certificate can be applied. If a department incorrectly accepts a certificate it will be liable to meet any additional liability.


Source URL:https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-9-vat-and-other-taxes/salesincome-uk/sales

Links
[1] https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-9-vat-and-other-taxes/typical-purchases-uk-4