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
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.
Open post by hwbaccountants with ID 18307298971257827
Digital assets become recognised property
A legal landmark was reached during December as the Property (Digital Assets etc) Act received Royal Assent.
The new law confirms that certain digital assets – including cryptocurrency tokens and non-fungible tokens (NFTs) – can now be formally recognised as personal property in England, Wales and Northern Ireland.
Read the full article by clicking the link in our bio
Open post by hwbaccountants with ID 17875395291500641
High-Value Council Tax surcharge
The government has announced plans to introduce a new levy, the High-Value Council Tax Surcharge (HVCTS), which will apply to owners of residential properties in England valued at £2 million or more.
Read the full article by clicking the link in our bio.
Open post by hwbaccountants with ID 18576048724009837
Miss Saigon: HWB director Michaela Johns had the pleasure of attending a performance of the iconic musical Miss Saigon at the Mayflower Theatre in Southampton in an event hosted by law firm Paris Smith.
Set against the backdrop of the Vietnam War, Miss Saigon tells a powerful and emotional story of love, sacrifice, and resilience.
The performance was a truly memorable experience that Michaela thoroughly enjoyed
Many thanks to Paris Smith for hosting such a wonderful evening and for bringing together local professionals for a night of culture and connection.
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]
Open post by hwbaccountants with ID 18077446745610288
Increase in APR/BPR limit to £2.5m – what it means for business owners
The government announced in late December an increase in the combined Business Property Relief (BPR) and Agricultural Property Relief (APR) allowance to £2.5 million, marking a significant development for family-owned businesses and farms. This is up from £1 million that was initially announced in October 2024.
Read the full article by clicking the link in our bio
Open post by hwbaccountants with ID 18074411462379982
Digital assets become recognised property
A legal landmark was reached during December as the Property (Digital Assets etc) Act received Royal Assent.
The new law confirms that certain digital assets – including cryptocurrency tokens and non-fungible tokens (NFTs) – can now be formally recognised as personal property in England, Wales and Northern Ireland.
Read the full article by clicking the link in our bio
Open post by hwbaccountants with ID 18100121227896814
2026 Business rates revaluation completed
If your business is based in England and Wales, you can now view the future rateable value of your property.
Read the full article by clicking the link in our bio
Open post by hwbaccountants with ID 17843729841679738
Making connections: One of our Directors, Michaela Johns, attended the latest Oakhaven Business Club event at Stanwell House boutique hotel in Lymington
She said: “It was a brilliant event for making connections and building new partnerships and there was an inspiring and informative talk by Tina Worthing from Aventina Training,”
The business clubs aim is to create awareness of the Charity in the local business community, the Hospice provides specialist palliative and end-of-life care and support to patients with a medical referral who live in the New Forest, Totton and Waterside communities, in the hospice and in their homes.
Contact us at HWB today for all your accountancy and business advisory needs: T: 023 8046 1200 E: [email protected]
Open post by hwbaccountants with ID 18555847084004993
