VAT on Private School fees training

About this event

With the new VAT policy on private school fees taking effect from 1 January 2025, we recognise that many independent schools will be seeking guidance on the practical steps they’ll need to take to meet these new compliance requirements. 

This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers and accountants with tailored support and expert insights on the practical implementation of charging VAT.

This event is eligible for CPD. Certification will be provided on request.

Agenda

Part one: An introduction to VAT in the private school’s sector

• Detailed insight into the new legislation - the implications and current areas of uncertainty
• What is VAT? A refresher on VAT basics and key principles

Part two: Practical VAT application

• Detailed VAT record keeping: compliance with Making Tax Digital (MTD) requirements
• Partial exemption: practical calculations and adjustments for school-specific scenarios and how to recover VAT on operational expenses
• Implications of advance payments & registration fees.
• Pre-registration input tax
• VAT recovery on expenditure: insights on recovering VAT
• How to apply capital goods scheme adjustments to capital projects
• Other activities & supplies: how to treat mixed supplies and ancillary school activities

Please note: This is a paid for event. The costs are £125 per person, or £75 per person if more than one person from the same organisation signs up. Once you've signed up for the event, we'll invoice you for payment.