Please note the following from the VAT Team regarding VAT on water bills. It has recently come to the attention of the VAT Team that […]
Governance & Compliance
Governance & Compliance 75: Annual P11D return to HMRC 2021/22
Annual P11D return to HMRC- your response is required It will soon be time to gather your responses for the annual P11D expenses and benefits […]
Governance & Compliance 74: Temporary 12.5% VAT – Declaration of Income and payment processing guidance
Schools accounting systems don’t have a code for the temp 12.5% VAT rate The temp 12.5% rate applies to supplies of catering / hospitality, accommodation […]
Governance & Compliance 73: Item Code 9174 & CFR Heading I18 Amendments
In-Year updates have been made to CFR Heading I18 – Additional Grant for Schools. Please review the Consistent Financial Reporting (CFR) document linked below. Item […]
Governance & Compliance 72: VAT Temporary Reduced Rate Increase to 12.5% From 01/10/2021
From 1st October 2021, VAT chargeable on supplies of holiday accommodation and hospitality /catering (i.e. the sale of food and non-alcoholic beverages for consumption on […]
Governance and Compliance 68: School Budget Plans – Deadline 1st May 2021
It is a requirement of the Scheme for Financing Schools that all maintained school lock and publish their budget plan on or before the 1st […]
Governance & Compliance 71: SFVS 2020/21 – Submission deadline change due to Covid-19 pandemic
For the financial year 2020 to 2021, schools should submit their SFVS to their local authority no later than 28 May 2021. Local authorities should […]
Governance & Compliance 70: (SFVS 2020/21) Schools Financial Benchmarking data 2019/20 now available
The Schools Financial Benchmarking data for 2019/20 is now available on the GOV.UK website via the following link: Schools Financial Benchmarking – GOV.UK (schools-financial-benchmarking.service.gov.uk)
Governance & Compliance 69: SFVS Self-Assessment 2020/21
Schools Financial Value Standard 2020/21 Based on currently available information, the maintained schools are still expected to submit their 2020/21 Schools Financial Value Standard to […]
General 151: Be Aware: Primary Schools targeted for false High Court Writ payments
Devon Audit Partnership has requested that we share the following message from Cifas with schools: Cifas has received intelligence that primary schools may be targeted […]