The Impact of VAT Changes on Independent School Fees

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Webinar recording:

Analysis of the Treasury Statement on 29th July 2024 by our VAT Partner, Alan Davis. This webinar was recorded on 2nd August 2024.

If you have any questions for Alan, please contact him directly at alan.davis@hlca.co.uk

Download a copy of the slides

What was covered in the webinar?

Discover how the latest VAT changes will affect independent 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.

  • 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

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