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 […]
Education finance
The education finance blog was set up to enhance the communication of important information from the finance team to schools.
Administration 92: Covid-19 Contain Outbreak Management Funding (COMF) Information
Schools will have recently received funding relating to the Contain Outbreak Management Fund (COMF). Further information regarding the funding can be found below. The COMF […]
General 171: Fraudulent Invoices to Schools
We have recently been made aware of an incident where a school has received an invoice purporting to be from one of their regular suppliers. […]
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 […]
Funding 64: School Funding Consultation 2022/23 – Deadline for Responses – Sunday 17th Oct 2021
Schools Funding Consultation 22-23. This is a reminder for schools that the Consultation 2022-23 documents are available on the Education Finance web pages: Consultation Website […]
Funding 63: School Funding Consultation 2022/23 – Responses by 17th Oct 2021
Schools Funding Consultation 22-23. An error has been identified in the schools consultation response form which has meant schools completing for MAT / Federation were […]
General 170: Revenue Team E-Return Form Development – Call for volunteer schools
As part of our journey to increase the efficiency and effectiveness of allocating income to schools, we will be looking to develop and introduce a […]
Funding 62: Consultation – Schools Funding Arrangements 2022-23
Please be advised that the Consultation 2022-23 documents are now live for review via the Education Finance web pages: Consultation Website Consultation – Virtual Meetings […]
Administration 91: Updated – Integrated Curriculum Financial Planning (ICFP) Tool
The ICFP (Integrated Curriculum Financial Planning) tool for Primary & Secondary Schools has been updated and now includes a formal layout to enable schools/federations to […]
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 […]