Partial Exemption relating to a multi academy trust

Partial Exemption relating to a multi academy...

Didn't find your answer?

Hello,

I was wondering if anyone could help me on the rules for partial exemption in relation to a multi academy truest with three schools.

Two of the schools operate a sports centre which has both taxable & exempt lettings. The sports centre is also used for non business activities in education.

The multi academy trust has one VAT registration for all schools.

I understand that working out whether partial exemption rules apply is important. My main question is...

1. Can the sports centre be treated in isolation to work out the de minis limits or do the sports centres need to be added together? Or, does the whole school need to be included, even with the grants & other income. Some of the other income may be at 20% vat but not relating to the sports centre.

So is one partial exemption calculation for all 3 schools input & output vat added together? Can the sports centres be treated as separate?

I hope someone can help as I understand this is quite a specialist area.

Kind regards

Replies (1)

Please login or register to join the discussion.

avatar
By shaun king
24th Apr 2015 20:54

Partial Exemption

Natalie - yes it is a specialist area but your starter for 10 - De Minimis applies to the VAT registration, so is a group registration with 10 companies - one de minimis limit.Now the tricky bit - you use the standard method unless you apply to use a special method which will probably be the result in your case. As to the method that depends on to many variables to go into further here

Thanks (0)