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This guide is a supplement to the main accounts payable and accounts receivable VAT guidance.

All school staff involved in financial transactions should have access to both the main accounts payable and accounts receivable VAT guidance and read them in conjunction with this supplement.

All VAT transactions must meet our financial regulations.

Section one covers purchasing, including an annex on school trips and voluntary aided schools and section two deals with income related issues.

Please ensure you take the time to familiarise yourself with the information contained and that new staff are also made aware of this guidance.

VAT is an important subject and we are responsible to HM Revenue and Customs (HMRC) for control of the VAT accounting system. We all have a role to play in ensuring we get it right and do not make careless errors that can lead to penalties.

You can contact the Technical Accountancy Team to discuss any issues regarding VAT.

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