Despite the potential tax exemptions available to the sector as exempt charities, there still remain significant areas where quality and timely advice is essential to ensure compliance and that planning opportunities are maximised.
The nature of the way organisations operate in the education sector means that you will be subject to partial exemption in respect of VAT and careful planning is required in order to ensure that the recovery of input VAT is maximised.
Getting professional advice around VAT, specifically on capital projects, is essential in ensuring that any risks can be minimised and to allow you to focus on delivering outcomes for your key stakeholders.
Stamp Duty is another tax that needs careful planning, particularly on capital projects and this can often fall between the legal and accounting advisers. Our in-house specialists can support you to make sure that transactions are structured in the most tax effective way from the perspective of VAT and Stamp Duty.
We understand that many Higher and Further Education organisations have trading subsidiaries, and we have significant experience of ensuring that such structures are set up efficiently and that ongoing compliance is handled smoothly.
Through our knowledge of the sector we know that one of the most significant costs for Higher and Further Education organisations is staff, and our team can help you with employment tax compliance issues, which includes a benefits ‘health check’ service.
Read more about how we can support you with our Tax services.