Supporting Local Councils in Cornwall

VAT – Partial Exemption

Session leaders: Steve Parkinson, The Parkinson Partnership LLP
Steve is a former Town Clerk and an accountant with over 30 years' experience in public and voluntary sector finance. He now specialises in delivering training and advice on VAT and finance matters for the local council sector.

For clerks, finance staff and councillors of councils that lease or hire out land and buildings such as village halls, community centres, meeting rooms, sports facilities or markets, who need to understand when their council is at risk of not being able to reclaim VAT. Essential for any council contemplating major building projects, or incurring significant expenditure on running these facilities.

This session is for those who already understand the rules of VAT (possibly from one of our VAT sessions) and need to work out whether their council can reclaim VAT in relation to its use of land.

This session is unlikely to be of benefit for councils spending less than £50,000 a year, or for anyone that doesn't understand the difference between business and non-business activities or between taxable and exempt supplies.

This session explains when VAT cannot be reclaimed in relation to exempt activities and what options may be available.

Topics include:

  • Law and guidance
  • Non-business, taxable and exempt uses of land
  • Apportionment of costs
  • Partial exemption calculations
  • Occasional breaches
  • Option to tax
  • Capital Goods Scheme adjustments

By the end of this session you will:

  • Know where to find the relevant legislation and guidance
  • Understand how to undertake a partial exemption calculation
  • Recognise when a project is likely to lead to unrecoverable VAT
  • Be aware of options to achieve VAT recovery

Training is carried out online via the Zoom platform. Please email us at training@cornwallalc.org.uk to make a booking. Session dates are shown in the online calendar or you can email us for dates. Steve Parkinson courses are charged at £30 plus VAT per delegate. Places are in high demand and booked on a first come first served basis. Your booking confirmation will contain a link to the online event. Please ensure that you log in at least 10 minutes before the session starts and make sure that your screen name includes your first and last names.

Last updated: Tue, 26 Jul 2022 14:47