VAT Accounting for Further Education Colleges – Income and Expenditure

VAT in the Further Education sector brings together VAT complexities from Non-Business as well as VAT Exempt activities, added with having charitable status, which helps with access certain but limited VAT reliefs. Getting up to date with VAT changes in this sector is key.

This online session will help support finance staff new to the responsibility for managing the VAT treatment on both income and expenditure areas as well as those looking for a refresher on the latest issues. It would also offer insight for Property and Estate senior staff tasked with managing budgets – helping to reflect on the impact VAT will have on their budget plans.

The session will start with the:

• Basic VAT rules on Income Liabilities;
• How VAT costs are identified for recovery through Non-Business and Partial Exemption methods;

And then build on this with sessions on:

• The VAT reliefs that colleges can access on costs and,
• An introduction to VAT on Property and Energy Saving projects.

In conclusion, we’ll touch on the topical VAT areas for the FE sector – the latest position on the government plans for VAT in Education for example, but other areas where prior VAT thought would be of benefit to your college – saving VAT costs and reducing VAT risks.

Host or Publisher Xeinadin Group