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
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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.
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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.
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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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South Wilts Grammar School Carol Service: It was a privilege to attend the annual Carol Service at South Wilts Grammar School. The evening was marked by a thoughtful programme of traditional carols, performances, and readings that beautifully reflected the spirit of the season.
The dedication of the students, staff, and musicians was evident throughout, creating an atmosphere of reverence and celebration. This gathering not only showcased musical excellence but also highlighted the strength of community and tradition.
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Charity SORP 2026 released
The Charity SORP Committee released the 2026 Statement of Recommended Practice (SORP) in October, following a public consultation on draft proposals featuring a number of significant changes to charity financial reporting.
As specialist charity accountants, we at HWB support a range of clients range from new start-up charities to centuries-old, from clubs and membership organisations to social enterprises.
Contact us today for all your accountancy and business advisory needs:
T: 023 8046 1200
E: [email protected]
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NCSC launches free cyber action toolkit
The National Cyber Security Centre (NCSC) has launched a new free Cyber Action Toolkit to help small businesses strengthen their cyber defences in a simple and affordable way.
The toolkit has been designed for businesses that may not have in-house IT expertise or large security budgets, offering clear, practical steps that can be implemented straight away.
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Dividend tax rates rising in April 2026: What does it mean for profit extraction?
The recent Budget confirmed that dividend tax rates will increase from 6 April 2026. For dividends that fall within an individual’s basic and higher rate tax band the tax rate will increase by 2%.
For many small and medium-sized companies, dividends play a key role in any form of remuneration planning. With the income tax rates rising on dividends, pay and profit extraction strategies will likely need a fresh look for 2026/27.
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Our team at HWB would like to wish you and your families a very Merry Christmas and happy holidays 🎄😊🎁
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