VAT Rules for Academies
There are several areas of the VAT rules that may cause difficulty for academies.
Academies have to apply the rules that apply to commercial businesses and this can lead to some unexpected consequences on occasion.
Understanding the VAT rules is therefore very important and the areas in this section may be of particular interest.
In this section
How to determine whether an activity is classed as business or non-business
VAT needs to be understood if you are letting your property
Voluntary Claims (Form VAT126)
Form VAT126 may be required to claim if your academy is not VAT registered
EU or Overseas VAT on Purchases
VAT legislation is different in the EU or Overseas
Information for academies who also operate teaching schools
HMRC introduced a new facility to assist organisations recover VAT
Construction Works and New Buildings
Guidance on special VAT treatment for construction work and new buildings
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