Supporting Local Councils in Cornwall

VAT for VAT registered councils

COURSE TUTOR: Steve Parkinson, The Parkinson Partnership LLP.

Steve is a former Town Clerk & an accountant with 30 years' experience in public sector finance, who specialises in advice & training for the local council sector.

Session overview:

For clerks, finance staff and councillors from councils that are VAT registered, who wish to develop their knowledge (VAT registered councils have a 9-digit registration number, submit quarterly VAT returns online and charge VAT on taxable sales. If your council submits a VAT126 claim, it is not VAT registered).

This session explains when and how VAT registered local councils charge VAT, when they can reclaim it and when they can't. Essential for any council contemplating major building projects.

Topics include:
• how VAT law applies to local councils
• where to find the law and guidance
• business and non-business activities
• understanding whether sales are taxable or exempt from VAT
• when to charge VAT
• VAT rates
• when VAT can be reclaimed
• VAT returns
• Partial exemption
• Non-business activities
• Reclaiming VAT when using grants and donations

By the end of this session you will:
• Know where to find the relevant legislation and guidance
• Understand the key concepts of VAT
• Know when a council can or can't reclaim VAT
• Recognise when a council must charge VAT

Instructions

This is an interactive session, you will need a device with a reasonable screen size such as a PC, laptop or tablet to be able to participate fully. Please ensure that you log in at least 10 minutes before the session starts, make sure that your screen name includes your first and last names.

A number of these online sessions are being offered by Steve Parkinson to local councils and places are in high demand. Please email us at training@cornwallalc.org.uk for forthcoming dates and to make a booking.

Last updated: Tue, 12 Apr 2022 10:29