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>Classroom training>VAT for Private Schools
Course overview
From 1st January 2025, private school fees for education services and boarding will be subject to 20% VAT. The rate applies to any fees paid after 29th July 2024 pertaining to the first term in 2025, forestalling any attempts to avoid the tax by paying fees early.
Many private schools won't have registered for VAT before and the administrative burden and processes will be entirely new. The changes present significant challenges for all private schools and associated services and there is very little time to prepare.
This practical and comprehensive course is essential for anyone involved in finance or administration in private schools or accountants providing services or advice to them.
It will fully explain how the VAT system works - from the basics right through to the more complex subjects of reclaiming input tax and partial exemption. It will explain how registering for VAT will impact your school and crucially help you take advantage of the opportunity to recover VAT for the first time on expenditure on taxable supplies and capital projects.
The knowledge gained on this course will enable you and your school to fully prepare for these significant changes.
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What will you learn?
- What are the key principles of VAT?
- What is output and input VAT?
- When and how should a school register for VAT?
- What is the definition of a private school for VAT purposes?
- What supplies are standard rated, zero rated, reduced rated and exempt?
- What income will become VATable?
- How will other income streams be treated?
- What must be included on invoices?
- What is the time of supply?
- What is included on the VAT return and how do you submit it?
- What are the VAT recovery rules for schools?
- When can you recover VAT on entertainment, subsistence, cars & fuel and phones?
- What is partial exemption and how does it affect private schools?
- How might the land and property rules impact private schools?
- What is the capital goods scheme?
- What penalties can be applied for late returns and payments?
Who should attend?
- Operators of private primary and secondary schools or sixth-form colleges who provide education or vocational training services for a fee
- Anyone responsible for managing VAT compliance in private schools or associated services
- Accountants providing advice or support to private schools or associated services
Extra benefits
- A course pack containing the information presented on the day
- A certificate of attendance
- Complimentary refreshments and lunch provided (classroom courses)
If you would like to make an enquiry simply fill in the quick contact form below and a member of our team will be in touch shortly.
One licence is required per person. Discounts are available for multiple licences - hover over the info icon to view.
- Number of licences
Total
£ +VAT
Licence expires after 1 year.
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