Discover how the latest VAT changes will affect school fees. Join our VAT Partner, Alan Davis for a comprehensive analysis of the implications.
This webinar will be the first of a number of events planned to support independent schools with the proposed changes.
Agenda
- Outline of draft legislation – what is ‘in’ and what is excluded
- Implementation data
- Impact of any anti-forestalling legislation
- Impact on fees billed in mid-2024, but not yet fully paid
- Your VAT compliance agenda:
- Registration – process and timing
- Income – clarity on liability of income streams including school fees, wraparound, miscellaneous
- Expenditure – retrospective position and capital items
- Partial exemption – attribution and use of VAT, calculation of recovery, annual position
- Submitting VAT returns, record-keeping regulations and HMRC inspections
- Finance and management training – awareness and detailed