income

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Governance & Compliance 74: Temporary 12.5% VAT – Declaration of Income and payment processing guidance

Posted on 2 November 2021

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 […]

Monitoring & Reporting 69 – Miscellaneous Income – Item Code 9389

Posted on 14 December 2020

Please be aware that item code 9389 – Miscellaneous Income must be cleared to zero for all schools, by the end of each financial year. […]