VAT for Independent Schools - All Change from 1 January 2025

Introduction

The fact that education in independent schools became standard rated from 1 January 2025 has been well sign posted in the media, however guidance from HMRC has been sparse and sometimes perhaps inconsistent.

This new virtual classroom seminar will focus on the current guidance and examine the VAT impact, making it invaluable for independent schools and their advisors.

A reasonable grasp of general VAT matters is assumed.

What You Will Learn

This live and interactive session will cover the following:

• Supplies and income - What is the VAT liability?
• What exactly is covered by the new standard rate?
• ‘Anti forestalling’ provisions
• ’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
• Exam fees
• English as a foreign language
• Supplies to other educational institutions
• Catering - in house and catering contracts
• Sales for courses, and from school shops
• Other things to consider
• Claiming input tax correctly - the need for a partial exemption/non-business apportionment method
• Pre-registration input tax opportunities
• VAT impact of capital projects - more opportunities

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.