In today’s Autumn Statement, the Chancellor announced that Sixth Form Colleges will be able to convert to academies.

This means that colleges which do convert will need to review their VAT position.  There are immediate decisions to make on how to structure and deal with VAT. This Statement is great news for colleges and there will be an immediate and ongoing VAT benefit if they become an academy.  However, as with all things VAT, there are also pitfalls. As with schools converting to academy status, it is usual that the Trustees and relevant staff will need to consider VAT for the first time.  We are able to guide academies through the VAT maze and help them maximise this new beneficial tax position. We have considerable experience in dealing with VAT and academies and advise over 50 across the country. Please contact us if these changes affect you, or you would like to discuss the implications. Please see our academy services here