{"id":2492,"date":"2021-11-02T11:54:53","date_gmt":"2021-11-02T11:54:53","guid":{"rendered":"https:\/\/www.devon.gov.uk\/educationfinance\/?p=2492"},"modified":"2021-11-02T11:54:53","modified_gmt":"2021-11-02T11:54:53","slug":"governance-compliance-74-temporary-12-5-vat-declaration-of-income-and-payment-processing-guidance","status":"publish","type":"post","link":"https:\/\/www.devon.gov.uk\/support-schools-settings\/governance-compliance-74-temporary-12-5-vat-declaration-of-income-and-payment-processing-guidance\/","title":{"rendered":"Governance &amp; Compliance 74: Temporary 12.5% VAT &#8211; Declaration of Income and payment processing guidance"},"content":{"rendered":"<p>Schools accounting systems don\u2019t have a code for the temp 12.5% VAT rate<\/p>\n<p>The temp 12.5% rate applies to supplies of catering \/ hospitality, accommodation and admission to certain attractions.<\/p>\n<p>Schools must charge and account for 12.5% VAT on:<\/p>\n<ul>\n<li>Catering supplied to staff and adult visitors (i.e meals taken in the school canteen and hot take-away food and beverages.)<\/li>\n<li>Tickets sold for some school productions (where the ticket would normally attract VAT at the standard 20% rate)<\/li>\n<\/ul>\n<p>Schools will incur and can reclaim 12.5% VAT on:<\/p>\n<ul>\n<li>The cost of some school trips, such as visits to theatres, circuses, concerts, exhibitions etc.<\/li>\n<li>Charges for overnight accommodation.<\/li>\n<li>The purchase of catering services,<\/li>\n<\/ul>\n<p>Schools will need to process income receipts and \/or charges, for supplied subject to the 12.5% rate as gross, outside the scope of VAT, (Code 9).<\/p>\n<p>A VAT journal adjustment can then be completes to declare VAT to \/ reclaim VAT from HMRC.<\/p>\n<p>Schools will need to email the <a href=\"mailto:vathelpdesk-mailbox@devon.gov.uk\">VAThelpdesk<\/a>\u00a0 with details of the income \/ payment, copies of the relevant invoices \/ receipts and the account (manage \u2013 activity \u2013 item) code they want the VAT taken from \/ credited to.<\/p>\n<p>If you have any further queries regarding the VAT rate, please contact the VAT Helpdesk mailbox: <a href=\"mailto:vathelpdesk-mailbox@devon.gov.uk\">VAT Mailbox<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Schools accounting systems don\u2019t have a code for the temp 12.5% VAT rate The temp 12.5% rate applies to supplies of catering \/ hospitality, accommodation [&hellip;]<\/p>\n","protected":false},"author":1888,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[15],"tags":[122,186,187],"class_list":["post-2492","post","type-post","status-publish","format-standard","hentry","category-governance-compliance","tag-income","tag-payments","tag-vat-12-5"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-08-02 11:17:21","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/posts\/2492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/users\/1888"}],"replies":[{"embeddable":true,"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/comments?post=2492"}],"version-history":[{"count":0,"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/posts\/2492\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/media?parent=2492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/categories?post=2492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.devon.gov.uk\/support-schools-settings\/wp-json\/wp\/v2\/tags?post=2492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}