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
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
Open post by hwbaccountants with ID 18012721949730943
Valuing your business: what buyers look for and what you can do about it
If you are thinking about selling your business, whether that is in six months or six years, one of the first questions you will probably ask yourself is “what’s it worth?”
To read the full article follow this link:https://www.hwb-accountants.com/valuing-your-business-what-buyers-look-for-and-what-you-can-do-about-it
Open post by hwbaccountants with ID 18139421404576069
Construction Industry Scheme (CIS) update: Monthly nil returns from April 2026
From April 2026, significant changes to the Construction Industry Scheme (CIS) will come into effect, impacting contractors who are currently registered but not actively making payments to subcontractors.
To read the full article follow this link: https://www.hwb-accountants.com/construction-industry-scheme-cis-update-monthly-nil-returns-from-april-2026
Open post by hwbaccountants with ID 18190928383388856
Charity Skydive for Sophie’s Legacy: On Saturday, Ben Forster and Harry Sherwood took to the skies for an incredible charity skydive in support of Sophie’s Legacy, showing real courage and commitment to a fantastic cause.
Harry completed his jump from 15,000 feet, while Ben followed from 10,000 feet—both rising to the challenge to help raise vital funds and awareness.
We’re incredibly proud of their achievement and grateful for their dedication to supporting the important work of Sophie’s Legacy.
A huge thank you as well to everyone who donated and supported their efforts. Together, they’ve raised over £1,000, making a meaningful difference.
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Army Flying museum: Director, Michaela Johns, visited the Army Flying Museum at the recent Hampshire Chamber Connects event in Stockbridge.
The event was a fantastic opportunity to connect with local businesses and strengthen relationships within the regional community.
A big thank you to Hampshire Chamber of Commerce for organising and hosting such a successful event—we look forward to many more!
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Pickleball: A team from HWB recently enjoyed a fantastic evening at @dinks.clubs in Chandlers Ford, coming together for a fun game of pickleball and a social catch-up.
It was great to spend time outside the office, stay active, and enjoy each other’s company – and safe to say, everyone had a brilliant evening!
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