Academies, such as schools and government entities, often incur VAT on essential purchases despite not being VAT-registered. Reclaiming this VAT through the VAT126 form ensures that these organisations don’t lose out on funds that can be reinvested in important activities, such as education and infrastructure.
With the VAT126 form now available online, the process has become more streamlined, allowing academies to efficiently manage their finances and claim back VAT on eligible purchases.
This process applies to education institutions, selected charities, and government organisations that are not VAT-registered but are eligible to claim VAT back on goods and services for activities like education or local government work. The form can be used to claim VAT refunds up to four years after the purchase date.
To complete the VAT126 form, you’ll need to provide details such as the VAT paid, invoice dates, and the organisation’s unique reference number. Additionally, if you’re claiming VAT on more than six invoices, the system allows for a spreadsheet upload to streamline the process. Filing online makes it easier and faster for organisations to claim back VAT, especially for those with multiple claims to submit.
For more information and to submit your claim, visit the GOV.UK guidance page.
If you’re unsure about any of the points above, please reach out to one of our experts.
