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
Working abroad: Getting your UK tax residence right
Spending time overseas for work is increasingly common, whether through relocation, remote working, or returning to the UK after a period abroad. However, many individuals underestimate how far UK tax rules can follow them.
To read the full article click the link in our bio.
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Academy Trust Handbook 2026 Changes
We have summarised the changes made to the Academy Trust Handbook (ATH) 2026 in an easy to use factsheet.
https://www.hwb-accountants.com/wp-content/uploads/Academy-Trust-Handbook-2026-Changes.pdf
For further information on the ATH, please contact us on 023 8046 1200 or email [email protected].
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Update on Payrolling Benefits
HM Revenue and Customs (HMRC) has updated the interim guidance for mandatory payrolling to announce a new phased approach for all reportable Benefits in Kind (BiKs) and expenses from April 2027.
To read the full article click the link in our bio.
Open post by hwbaccountants with ID 18400805707090787
HMRC introduces targeted advance assurance service for R&D claims
From 18 May 2026 onwards, HMRC will now have two types of advance assurance for R&D claims. With R&D claims being more closely scrutinised by HMRC this can prove to be a very useful tool for some companies, as they will have clarity whether their R&D claim will be approved by HMRC or not prior to submission.
Click the link in our bio to read the full article
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We`re delighted to launch our new online Payroll Calculator, designed to give you a fast, accurate estimate tailored to your business in just a few minutes.
If you`re interested in finding out how much outsourced payroll could cost you (with no obligation!) please visit our website: https://www.hwb-accountants.com/services/payroll/#quote
✅ Get an instant personal proposal
✅ Clear, transparent pricing with no hidden fees
✅ Tailored to your workforce and payroll requirements
✅ Compare costs and see the value of outsourcing
✅ Simple, stress-free and easy to use
Whether you`re looking to save time, reduce administrative burden, or ensure payroll is managed accurately and efficiently, our calculator provides a quick and convenient way to understand your options and the associated costs.
Take the stress out of payroll and discover the right solution for your business today.
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Pillar Two reporting
HMRC has now fully enacted the Organisation for Economic Co-operation and Development (OECD) Pillar Two global minimum corporate tax rules. These rules are intended to ensure that large multinational enterprises pay a minimum level of tax across the jurisdictions in which they operate.
Read the full article here: https://www.hwb-accountants.com/hmrc-introduces-targeted-advance-assurance-service-for-rd-claims?utm_source=HWB+Audience&utm_medium=email&utm_campaign=6e7f0ed836-EMAIL_CAMPAIGN_2025_07_29_10_55_COPY_01&utm_term=0_-23b59ac81e-
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Pillar Two reporting
HMRC has now fully enacted the Organisation for Economic Co-operation and Development (OECD) Pillar Two global minimum corporate tax rules. These rules are intended to ensure that large multinational enterprises pay a minimum level of tax across the jurisdictions in which they operate.
To read the full article follow this link: https://www.hwb-accountants.com/pillar-two-reporting
Open post by hwbaccountants with ID 17982849986861999
UK tax take nears £1 trillion – what it means for you
The UK’s tax burden continues to climb, with the latest figures showing HMRC collected £938.8 billion in 2025–26 a substantial 9.3% increase on the previous year.
To read the full article follow this link: https://www.hwb-accountants.com/uk-tax-take-nears-1-trillion-what-it-means-for-you
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