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debpal
#1 Posted : 01/03/2019
Joined: 2/24/2018(UTC)
Posts: 1
Organisation: Wokingham Borough Council

Thanks: 1 times
Can anyone point me in the direction of guidance of when a schools private fund can contribute to a school bank account so that the avoidance of VAT is acceptable?

I do not have access to the educational VAT stream, but know that private funds can make donations to schools and the schools can then spend that donation (and reclaim any incurred VAT), however is it ok so spend on anything, for example a school trip?

Thanks
Trevor Steel
#2 Posted : 04/03/2019
Joined: 4/3/2018(UTC)
Posts: 15
Organisation: Aneurin Bevan University Local Health Board

Was thanked: 8 time(s) in 8 post(s)
Try HMRC manual page VATGPB7700 https://www.gov.uk/hmrc-internal-manuals/vat-government-and-public-bodies/vatgpb7700 from the second paragraph after the heading "Input tax recovery on purchases using private funds".

Effectively the private fund needs to make a genuine donation (i.e. receive nothing in return), and the expenditure must be contracted for by the "official fund"/LA and be of a nature which it could have incurred if it had sufficient funds.
 1 user thanked Trevor Steel for this useful post.
debpal on 3/8/2019(UTC)
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