Overview
The Government Budget 2018 introduced the Charities VAT Compensation Scheme. Under the scheme, schools as charities may be able to reclaim some element of their VAT costs based on the level of non-public funding they receive. The scheme applies to VAT paid on expenditure on or after 1 January 2018. VAT paid in years prior to that cannot be claimed.
Schools can submit one claim per year, which should relate to VAT paid in the previous year January to December.
Claims can only be submitted between 01 January and 30 June each year. It is not possible under any circumstances to submit a claim after the closing date has passed.
Further guidance is available in Guideline 26 – 2023/2024