Welcome to the Autumn 2022 edition of our briefing for independent schools.

To begin with, Nick Bustin, Director, provides an employment
tax update considering the changes to be implemented across
IR35, National Insurance and pension salary exchange.

Following the recent Autumn Statement from the Chancellor,
Jeremy Hunt, we have addressed some of the key highlights
which may impact independent schools.

We are grateful to Simon Bevan, partner at law firm VWV, who
examines the practical impact on schools from the Supreme
Court judgement in the case of Harpur Trust v Brazel.
Continuing through these current economically challenging
times, schools are looking to maximise income wherever
possible. Louise Veragoo, NFP Tax Director, provides a
summary of the main circumstances in which Gift Aid can be
available for schools, recent changes to note and provides
some pointers on how to maximise the amount reclaimed from
HM Revenue & Customs (HMRC).

Rakesh Vaitha, Senior Manager, looks at IT general controls
and the implications of ISA 315 (revised) which will impact on
the 2023 financial statement audits for independent schools.
Finally, Ramzan Khan, Senior Manager, looks at the VAT
implications of Electrical Vehicle (EV) Charging as more
employers, including independent schools, are installing EV
charging points for use by their staff.

I hope you enjoy this edition and find these articles of interest.
Do feel free to let the articles’ authors, me or your regular
contact know if you have any questions concerning the matters
discussed.