14th June 2024

Explore services and information
Search Leicestershire & Rutland Association of Local Councils

Supporting Local Councils in Leicestershire & Rutland

VAT - Partial exemption

Session leader:

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.

Details:

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

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.

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, make sure that your screen name includes your first and last names.

Costs:

£30 per delegate (member rate)

This page is for county associations of local councils (CALCs) to book places for their members on online training courses, which are provided by The Parkinson Partnership LLP under contract to those associations. You should only use the page if you are a CALC member of staff, or an employee of a council that has been authorised to use this booking page by your CALC.

The prices quoted are only for councils that are members of their association. Bookings made by anyone else are liable to be removed without notice or charged at double the standard rate.

Changes to booking:

The booking confirmation should have a link to allow cancellation (minimum 7 days' notice) or transfer to another date if available (24 hours' notice). Any queries relating to cancellation or transfer should be sent directly to Parkinson Partnership, not LRALC.

Dates and booking form:

See here: https://www.bookwhen.com/parkinson

Last updated: Wed, 31 Aug 2022 10:43