Taxation is an area academy trusts should be aware of and monitoring. This course will help you understand how to monitor and how to mitigate tax whilst also providing you with ways to benefit from taxation – something you may never thought you’d read!
This half-day course will cover the 3 key taxes that those who operate in academy finance need to be aware of – VAT, Payroll and Corporation Tax
VAT – the basic rules and principles of VAT, what triggers VAT registration and why it is relevant, a look at partial exemption calculations plus some simple VAT checks to be aware of.
Corporation Tax – basic understanding on the threshold for paying tax, how you can mitigate your exposure plus the pros and cons of this and the key objective of registering your academy as a charity for tax including the benefits it can bring
Payroll – simple checks to perform when working in a finance team and why you need to be aware of P11Ds
KEY LEARNING OBJECTIVES
Taxation – what to be aware of and the nasty surprises to avoid
How you can mitigate exposure to paying tax
How you can benefit from tax rules!
Why it is important to monitor key tax thresholds
Provide opportunities to discuss your role and responsibilities with a network of other finance personnel
WHO SHOULD ATTEND
School Business Managers and Chief Financial Officers newly appointed to the role. Other members of the trust finance team. Chief Executive Officers, governors, directors and trustees from academies are also welcome to attend.
FACILITATOR
Phil has 15 years’ experience in the academies sector as an auditor, CFO and governor. From 2012 to 2022 Phil was an auditor in a top 30 firm of accountants supporting finance teams as the sector developed and matured. He also was finance governor in a local school which went through academy conversion. He now acts as a part-time CFO whilst providing internal audit and training services to trusts.
