Financial Skills: Tax: VAT: Education

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Course Overview

This course is designed for those in the further and higher education sectors who need to ensure VAT compliance within their institutions. VAT is not just an additional cost for universities and colleges. The emphasis on maximising revenue, often involving joint ventures of limited companies, means it is all too easy to be caught out not charging VAT on a supply that does not qualify for exemption. Even within the main educational activity, there are opportunities for recovering input VAT and various Tribunal decisions have shown that the scope for applying the partial exemption rules is not understood. The course does not cover the ordinary rules for those see VAT in Detail -Parts 1 and 2.

Course Outline

THE EXEMPTION FOR EDUCATION -WHAT IT COVERS AND WHAT IT DOESN'T

• The important of 'business' and 'non-business' for VAT purposes
• Eligible bodies
• Vocational training
• Distance learning and 'e-learning'
• Researchand consultancy
• English as a foreign language

WHAT MIGHT NOT BE EXEMPT

• Supplies to other educational institutions
• Grants or sponsorship?
• Catering
• Supplies to other educational institutions
• Grants or sponsorship?
• • Catering
  • LAND AND PROPERTY ISSUES
• Zero rates for new construction and 'approved alterations'
• Conferences and conference facilities
• Licences to occupy land
• Vacation lets

PARTIAL EXEMPTION

• Direct attribution
• Standard and special methods
• Recovery of VAT on overheads

INPUT TAX AND RECORDS

• The zero rating for advertising, and equipment bought with donated funds
• The reduced rate for heating and fuel
• Acquisition VAT and the reverse charge

Financial Skills: Tax: VAT: Education / CM9687