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Course summary
Length: 1 day
Price: 545 GBP excl. VAT
Location: London
Next available date: 07/10/2016 - London

VAT for Academies

A course by Quorum Training - part of the Wilmington Group

VAT for Academies - a 1-day training course in London

This VAT for Academies course provides a detailed review of VAT as it applies to VAT-registered Academies.

The goal of the 1-day programme is to provide participants with a thorough understanding of how they should approach VAT, assess the VAT liability of non-grant income, and correctly complete VAT returns.

Suitability - Who should attend?

This course is designed for those responsible for VAT compliance in their Academy, who need to ensure that this is correct in all aspects. Some prior knowledge of VAT is assumed.

Outcome / Qualification etc.

CPD hours: 6

Training Course Content

Course content includes:

The VAT status of academies

  • Grant funding and the importance of ”business” and ”non-business’ ‘activities for VAT purposes

Treating business income correctly

  • Supplies to other educational institutions
  • Uniforms and photos
  • What goods and services are ‘incidental’ to education (and what are not)
  • Grants, sponsorship and donations
  • Catering for staff and visitors
  • School trips

Land and property issues

  • VAT zero rates for new construction and annexes
  • Letting or leasing academy land, buildings and facilities
  • The VAT option to tax
  • The VAT Capital Goods Scheme

Partial exemption

  • How to determine whether VAT recovery should be restricted
  • Standard and special partial exemption methods
  • Recovery of VAT on overheads

VAT recovery and VAT returns

  • The zero rating for advertising, and equipment bought with donated funds
  • The reduced rate for heating and fuel
  • Evidence needed to claim VAT
  • Blocked input tax – VAT which can never be claimed
  • How to complete a VAT return correctly, and common errors
  • Penalties for non-compliance

Expenses

Quorum Training offer generous discounts when booking multiple places across any number of courses. Subsequent bookings throughout 2016 will continue to qualify for discounts.

Discount rates

  • 3-4 places: 10%
  • 5-7 places: 15%
  • 8-9 places: 20%
  • 10+ places: 30%

Special prices for charities are also available.

In-house training

Want to bring you training in house? Ask about Quorum's full day in-house courses from £1,750.

Provider: Quorum Training - A Wilmington Company

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Contact information for Quorum Training - A Wilmington Company

Quorum Training - A Wilmington Company

6-14 Underwood Street
N1 7JQ London

Phone no: 0844 873 2121
Other phone no: +44 116 258 1207

www.quorumtraining.co.uk

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