Key features:
- How VAT works in the following sectors: Higher Education, Further Education, Local Authorities, Academies and Private Schools
- Then focusing on Higher Education, Academies and Private Schools
Supplies and income – What is the VAT liability?
- ‘Eligible bodies’
- Fees, bursaries, and subsidies etc
- How Private Schools are affected
- ’Closely related’ goods and services
- Distinguishing between ‘business’ (taxable and exempt) and ‘non- business’ income for VAT purposes, and the resulting effect on input tax
- Grants, donations, or sponsorship?
- Breakfast and after-school clubs
- Transport and school trips
- Vocational training and private tuition
- A pointer towards international services and what to think about
- Other Things
- Exam fees
- English as a foreign language
- Supplies e.g. of staff to other educational institutions
- Catering- in house and catering contracts
- Sales for courses, and from school shops
Claiming input tax correctly:
- The rules, requirements, and evidence needed
- ‘Blocked’ input tax
- Partial exemption/ non- business apportionment method
- The special position of Academies
- Pre-registration input tax opportunities
- VAT impact of capital and building projects- very brief
- Brief guidance on VAT return completion
