VAT in the Further and Higher Education Sectors

Quorum Training

Course

In City of London

£ 545 + VAT

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Description

  • Type

    Workshop

  • Location

    City of london

  • Class hours

    6h

  • Duration

    1 Day

For those needing special training in this sector

The education provider will usually have a mix of taxable, exempt and ‘non-business’ income. It matters very much that the VAT effect of these different liabilities is understood as this is a highly specialised sector with complex rules. Bodies in this sector never have to deal with “just education” either, most have other income from commercial activities such as property letting etc. We also have ‘e-learning’ to think about. This course also looks at input tax, and examines the rules for VAT recovery, including the various partial exemption methods available.

Facilities

Location

Start date

City of London (London)
See map
138-142 Holborn, EC1N 2NQ

Start date

On request

About this course

This course is designed for those who advise on, or who are responsible for, VAT in further and higher education institutions. A good grasp of basic VAT is assumed.

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Reviews

Subjects

  • Corporate Law
  • Taxation
  • Business Income
  • VAT
  • Taxation Law
  • Law
  • Property
  • Corporation Tax
  • Tax
  • Property management
  • HMRC
  • VAT Liability

Teachers and trainers (1)

Gwen Ryder

Gwen Ryder

Teacher

Gwen has been a VAT and customs duty specialist and lecturer for her entire career. She worked in H M Customs (now HM Revenue and Customs) for 9 years before joining the “Big 5”. She subsequently became the VAT and Customs Partner in a top 20 firm, and then formed her own consultancy practice in 2003. Gwen is an Associate of, and former examiner for, the Institute of Indirect Tax, and a member of the Customs Practitioners Group and The VAT Practitioners Group.

Course programme

Supplies – What is the VAT liability?

  • The importance of distinguishing between ‘business’ and ‘non-business’ income for VAT purpose
  • Distinguishing between taxable and exempt income

Land and property issues

  • VAT and construction costs
  • The VAT Option To Tax and disapplication
  • The VAT Capital Goods Scheme
  • Charity concessions
  • Conferences and conference facilities
  • Licences to occupy land
  • Vacation lets

Partial Exemption

  • Direct attribution and latest case law
  • Standard and special partial exemption methods
  • Current sector agreements with HMRC

Input tax and returns

  • The zero rating for advertising, and equipment bought with donated funds
  • ‘Blocked’ input tax
  • Obtaining the correct evidence to support input tax claims
  • Penalties for errors, the error notification system, and making disclosures to HMRC
  • How to complete a VAT return correctly, and avoid the bear traps

See related categories

VAT in the Further and Higher Education Sectors

£ 545 + VAT

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