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
Introducing FYI Collaborate - a better way to work with us
We’re pleased to let you know that from January 2026, HWB has upgraded how we share documents with clients. Our previous ODS client portal has now been replaced with FYI Collaborate. If you still have documents stored on the ODS portal, please ensure you download anything you need by 31 March 2026, after which the portal will be closed.
Read the full article by clicking the link in our bio.
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Happy Pancake Day from all of us at HWB!
#pancakeday
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Residence NIL rate band
If you`re looking for an excellent performance with your accountancy, tax or business advisory needs, our team at HWB is here to help.
T: 023 8046 1200 E: [email protected]
#Inheritancetax
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Inheritance tax NIL rate band
If you`re looking for an excellent performance with your accountancy, tax or business advisory needs, our team at HWB is here to help.
T: 023 8046 1200 E: [email protected]
#IHT
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HMRC resumes direct debt recovery from firms
DRD allows HMRC to obtain tax owed directly from a bank or building society account of a taxpayer. HMRC will apply this in circumstances when an individual or a business is deemed to be able to pay what is owed to HMRC but are not currently making payments.
Read the full article by clicking the link in our bio
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SCASS Winter Ball: HWB was well represented by newly qualified and training colleagues dressing up in style for this year’s Gatsby-themed SCASS Winter Ball.
SCASS stands for Southern Chartered Accountants Student Society. It is an official society of @ICAEW, the Institute of Chartered Accountants in England and Wales. The black-tie evening, including a three-course dinner, was held at the Grand Café, South Western House, Southampton, and was an ideal opportunity for professional networking, knowledge sharing and strengthening connections with peers across the sector.
Congratulations to colleague Steven Hughes who won the evening’s raffle draw in aid of @Scratch, a Southampton-based charity that works with families in poverty. We look forward to building on the relationships and insights gained from this event as we move into the year ahead #icaew #annualwinterball #winterball #scass.
If you`re looking for an excellent performance with your accountancy, tax or business advisory needs, our team at HWB is here to help. T: 023 8046 1200 E: [email protected]
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Last week HWB hosted our first Alumni event. It was an excellent opportunity for current staff to catch up with ex-colleagues for fun and games at @level1southampton at St Mary`s Stadium.
Thank you to everyone who attended, it was great to receive such a positive response to the event!
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ICAEW changes to high net worth individual definition and compliance requirements
From November 2025, the Institute of Chartered Accountants in England and Wales (ICAEW) has updated its definition of a High Net Worth Individual (HNWI). This change significantly broadens the scope of individuals who fall into this category and has implications for anti-money laundering (AML) compliance.
Read the full article by clicking the link in our bio.
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