Best Tax Preparation Services in New Malden

COMMON QUESTIONS ASKED ABOUT VAT AND ACADEMIES VAT was on the agenda again at this year’s annual event for academies – STAYING COMPLIANT. LEARNING LESSONS. LOOKNG FORWARD. The session was delivered as a Q&A, focussing on some commonly asked questions relating to how academy schools should manage their VAT compliance. Below we take a look at some of these and share some thoughts on how we’d typically answer them for a client. The answers do only scratch the surface of all the complexities which may sit behind these questions. So, there is a caveat to them of ‘it depends’ when applying them to your situation. VAT is very fact-specific depending on the nature of each academy. But hopefully, the answers will give you some food for thought on what to think about if some of these questions resonate with you.