Webinar Recording: Navigating VAT on School Fees – Essential Strategies for Private Schools

Gravita VAT Partner, Sandy Cochrane, and Gravita Audit Partner, Shona Munday, Audit Partner, presented an insightful webinar to help schools navigate these changes and plan for the future.

Labour has long promised to impose VAT on school fees, and now that this has become a reality, including the changes to business rates, schools need to review their financial position to adapt their processes accordingly.

This webinar covered the following topics:

Conducting financial reviews for private schools: Identifying and implementing cost-saving measures
Maximising charity exemptions
Maintaining school facilities
Diversification of income: Laying the groundwork for proper income accounting
Enhancing endowment revenues
Understanding the ‘no retrospective effect’ of these changes
Exploring VAT recovery opportunities
Ensuring continued support for special educational needs and disabilities (SEND)
Blocking of pre-payments
Capital goods scheme and reclaiming VAT

What next?

Should you have any questions, please do not hesitate to contact Sandy Cochrane, Shona Munday, or get in touch with us at hello@gravita.com.

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Gravita Business Services Limited. Registered in England and Wales. Company Reg no: 13128469. VAT number 369869417. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

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