Charity Status
When a school or college becomes an academy and is no longer under local authority control it qualifies as a charity.
Academies are “exempt” charities by virtue of the Charities Act 2011, Schedule 3. This means that they are not required to register formally with the Charity Commission, yet have the same charitable status as those organisations that are fully registered charities.
This can lead to problems when claiming the VAT reliefs available to charities, particularly in connection with property transactions where evidence of charitable status may be requested.
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Academy Trust Handbook 2024 Changes