Experience the difference
Assisting your academy be it a school or college with specialist VAT advice
Leading Accountants for Academies, Academy VAT
Dedicated information for Academy Schools and Colleges
We know how easy it can be to get lost in the VAT maze and our website has been specifically designed to help you through it! With our experience as leading Accountants for Academies advising on treatment of VAT we are able to answer questions that you may have regarding your academy.
Our website is an easy to use guide which is packed with valuable information and expert guidance about registration and the rules which apply to everyday transactions in your academy.
We are now seeing Colleges converting to Academy status and therefore this website is equally applicable to colleges and schools.
Here’s what we can assist you with:
- The treatment for numerous different transactions
- Information on the different ways an academy can be structured and organised
- Inform whether it is desirable (or necessary!) to register for VAT
- Reclaiming the correct amount of VAT on costs
- The VAT recoverable using voluntary claim Forms VAT126
- Planning ideas to help improve recovery of VAT
Academy Accounting means adapting to a new accounting and financial reporting regime and dealing with the requirements of the Education and Skills Funding Agency (ESFA) which can be daunting. Our specialist Academy Accountants are here to guide you through it.
What our clients say
In all their dealings with Eggar’s School, we have found HWB staff to be very professional, knowledgeable and approachable. They do an excellent job of keeping us informed as they are always at the end of the phone, host regular School Business Manager meetings, send out EFSA Updates and have set up this VAT web advice link, which is very user friendly.
Alan Rolfe has assisted efficiently on any VAT queries, with clear and concise advice, especially with unusual aspects of VAT. i.e. Invoicing for Head Teacher secondment.
Alan Rolfe, as with all the staff from HWB, are always extremely friendly and helpful, and provide an excellent service.
Latest Feeds
Corporation tax instalment payments for large companies
If your company’s taxable profits for a 12 month accounting period exceed £1.5m it is deemed to be large and so it will be required to make its corporation tax payments in quarterly instalments.
To find out more click the link in our bio
#corporationtax #largecompanies
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Corporation tax instalment payments for large companies
If your company’s taxable profits for a 12 month accounting period exceed £1.5m it is deemed to be large and so it will be required to make its corporation tax payments in quarterly instalments.
Read the full article by clicking the link in our bio
#corporationtax #largecompanies
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Winter fuel payment deadline 2025
If you live in England or Wales, and were born before 22 September 1959, you will be eligible to receive between £100-£300 from the government this winter to help pay your heating bills. This is called the Winter Fuel Payment.
To read the full article click the link in our bio
#winterfuel #government #heating #fuel
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Last night, our team had the pleasure of joining @trusolv for a padel match. It was a wonderful opportunity to connect outside the office, strengthen teamwork, and share a great experience together.
#Collaboration #TeamBuilding #Trusolv
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New Charity SORP Is on the Way: What Trustees and Finance Teams Should Know
If you`re involved with a charity - whether you`re on the board, manage the accounts, or provide support behind the scenes - you may have heard that there are some changes coming to the way charities report their finances.
Read the full article via the link in our bio
#charitySORP #finance #charity
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Directors James Flood, Gemma Hedges, Gary Brown, and Associate Director Tom Young were delighted to attend the South Coast Deals Awards, hosted by The Business Magazine in partnership with Insider.
It was a fantastic evening celebrating the region’s standout transactions, teams, and individuals. Congratulations to all the winners on their well-deserved recognition, including:
🏆 FRP Corporate Finance – Corporate Finance Team of the Year
🏆 Moore Barlow – Corporate Law Firm of the Year
🏆 Deal of the Year (Under £10m): Acquisition of Auditel by TMA Group
🏆 Deal of the Year (£10m–£50m): Sale of L&S Waste to Biffa
🏆 Deal of the Year (Over £50m): Acquisition of Hampshire Sport & Leisure Holdings Ltd by GMR Global Pte Ltd
🏆 Helen O’Kane (BDO) – Dealmaker of the Year
🏆 Jack Courtney (Moore Barlow) – Emerging Dealmaker of the Year
🏆 Kelvin Balmont (Clarke Willmott) – Lawyer of the Year
🏆 HSBC – Lender of the Year
🏆 BDO Southampton Transaction Services Team – Transaction Services Team of the Year
#SouthCoastDealsAwards #awardsevening
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Businesses Targeted for NMW compliance
HMRC is increasing checks on small and medium-sized businesses in 11 UK regions to ensure compliance with the National Minimum Wage (NMW). If a business is found to be underpaying staff, it will be required to repay the full amount owed and could face higher National Insurance Contributions (NICs) and additional penalties.
This is an important reminder for all employers to review their payroll systems, ensure wages meet legal requirements, and fix any issues before facing enforcement action. Staying compliant protects both your employees and your business.
To find out more, read the full article here by clicking the link in our bio
#HMRC #NationalMinimumWage #UKBusiness #PayrollCompliance #SMEs #EmploymentLaw
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Associate director Matt Cooper recently attended the Network my Club event at Fratton Park, he really enjoyed the opportunity to meet new people and learn from motivational speakers.
Thank you to @Network My Club for hosting!
#portsmouthfc #frattonpark #NMC
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