Experience the difference
Assisting your academy be it a school or college with specialist VAT advice
Leading Accountants for Academies, Academy VAT
Dedicated information for Academy Schools and Colleges
We know how easy it can be to get lost in the VAT maze and our website has been specifically designed to help you through it! With our experience as leading Accountants for Academies advising on treatment of VAT we are able to answer questions that you may have regarding your academy.
Our website is an easy to use guide which is packed with valuable information and expert guidance about registration and the rules which apply to everyday transactions in your academy.
We are now seeing Colleges converting to Academy status and therefore this website is equally applicable to colleges and schools.
Here’s what we can assist you with:
- The treatment for numerous different transactions
- Information on the different ways an academy can be structured and organised
- Inform whether it is desirable (or necessary!) to register for VAT
- Reclaiming the correct amount of VAT on costs
- The VAT recoverable using voluntary claim Forms VAT126
- Planning ideas to help improve recovery of VAT
Academy Accounting means adapting to a new accounting and financial reporting regime and dealing with the requirements of the Education and Skills Funding Agency (ESFA) which can be daunting. Our specialist Academy Accountants are here to guide you through it.
What our clients say
In all their dealings with Eggar’s School, we have found HWB staff to be very professional, knowledgeable and approachable. They do an excellent job of keeping us informed as they are always at the end of the phone, host regular School Business Manager meetings, send out EFSA Updates and have set up this VAT web advice link, which is very user friendly.
Alan Rolfe has assisted efficiently on any VAT queries, with clear and concise advice, especially with unusual aspects of VAT. i.e. Invoicing for Head Teacher secondment.
Alan Rolfe, as with all the staff from HWB, are always extremely friendly and helpful, and provide an excellent service.
Latest Feeds
HMRC app usage on the increase
HM Revenue and Customs (HMRC) has reported that over 5.6 million people have accessed its app since the start of the current tax year (6 April 2025).
The app offers a range of features that can be useful in viewing and managing your tax and national insurance records.
To find out more click the link in our bio
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This morning we received a lovely delivery from @Trusolv!
Our staff will no doubt enjoy these Celebrations during this hectic tax return season.
A big thank you to TruSolv for your kindness and generosity!❤️
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Companies House fee change
Companies House have reviewed their fees and have published that from 1 February 2026 some of their fees will be changing.
Read the full article by clicking the link in our bio
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FSCS deposit protection limit rose to £120,000 from 1 December 2025
The Prudential Regulation Authority (PRA) confirmed that the Financial Services Compensation Scheme (FSCS) deposit protection limit increased from £85,000 to £120,000 from the start of December.
Read full article by clicking the link in our bio
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Friends united: We were well represented at a businesswomen’s networking club in Southampton whose latest meeting dovetailed with a performance of FRIENDS! The Musical Parody at the city’s Mayflower Theatre.
Tax Director Gemma Hedges joined fellow members of the Leading Ladies group for a valuable opportunity to connect and discuss issues of common interest - and of course enjoy the show!
Following the fun and escapades of the world-famous set of twenty-somethings, the show offers a fresh, humorous take on the long-running TV sit-com.
We thank the Leading Ladies for hosting such a well-curated and inspiring experience and look forward to the next meeting.
If you would like to speak with us about your tax affairs, contact us here:
T: 023 8046 1200
E: [email protected]
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Charity Trustees Gain New Powers for Moral Payments
Charity trustees in England and Wales now have new legal powers when considering moral payments: payments made because there is a moral rather than strictly legal obligation to transfer some of a charity’s property.
This is the final provision in Charities Act 2022 to come into effect.
Read the full article by clicking the link in our bio
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Capital allowances update Budget 2025
For 2026/27, the continued availability of the annual investment allowance (AIA) means that qualifying new capital expenditure you make of up to £1 million can be relieved in full against the taxable profits of your business.
Read the full article by clicking the link in our bio
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Happy New Year from all of us at HWB!😊🎉
We hope that everyone had a fantastic Christmas break and are looking forward to the new year. Here`s to a healthy and prosperous 2026!
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