- Phil Salmon discusses the possibility of VAT on school fees in a series of articles
- Questions arise on how schools can become VAT registered, fill in VAT returns, and charge VAT appropriately
- VAT registration is mandatory if taxable turnover exceeds £90,000 on a rolling 12-month basis
- HMRC is currently taking six to eight weeks to process VAT registration applications
- Schools may want to consider voluntary registration before the introduction of VAT
- Group registration with subsidiaries can help avoid errors and reduce administrative burden
- Schools need to ensure their software is compatible with Making Tax Digital regulations
Source: haysmacintyre.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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