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Get rid of the VAT Related Issues with Academy VAT

Author: Academy Vat
by Academy Vat
Posted: Oct 18, 2014

Are you amongst those who are running an Academy School in the United Kingdom? Are you facing problems in managing the Value Added Tax (VAT) for a variety of transactions of concern to your school? If yes, why not approach Academy VAT for guidance and solutionsto your questions.

Academy VAT provides complete solutions pertaining to VAT for academy schools. Originally formed by anindependent firm ofchartered accountantson the South coast, the firm advises its academy school clients with VAT related matters such as the VAT treatment for numerous transactions; information on the different ways an academy can be structured and organized; whether it is necessary to register for VAT; reclaiming the correct amount of VAT on costs; using voluntary claim Forms VAT126 and planning ideas to help improve the recovery of VAT.

Value Added Tax is a turnover based business tax, which has a significant impact on academy school finances. It is therefore important to know how we can apply VAT for Academy Schools and understand the UK VAT system. The conditions which need to be satisfied in order for an activity to be within the scope of UK VAT include whether it is a supply of goods or services; the supply takes place in the UK; it is made by a taxable person and whether it is made in the course or furtherance of any business carried on or to be carried on by that person.

If these challenges are a part of your academy school, you can seek the help of our VAT experts who can help advice on these matters.

VAT for schools can be very challenging and time consuming which is whyour firm provides guidance on VAT rules and treatment which can help you with understanding the VAT on income and the expenditure on variousitemswhich apply to everyday school transactions. We will assist you with the technical details to clear the complexity in VAT matters and can clear up any confusion about HMRC guidance as and when necessary.

Academy VATis run by a leadingindependent firm of chartered accountants based in Hampshire. The academy school teamhelps schools through the VAT maze enabling them to get a better understanding of VAT for schools and how it is applied and calculated and most importantly the rules followed in the process of application of VAT.

Whether you’re an infant, junior, secondary school or a multi academy trust it is always handy to understandrules around Value Added Tax on the various items within your school.Thus, to help you through the VAT maze, it is ideal for you to approach experts here at Academy VAT for better VAT guidelines. Our specialists are ready to serve you and your school in the best possible way to help solve VAT related problems and guide you through the VAT maze.

About the Author

Academy Vat website is designed to help academy schools with VAT rules and treatment on various items. e.g., the VAT on school trips or school meals etc.

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Author: Academy Vat

Academy Vat

Member since: Oct 16, 2014
Published articles: 2

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