haysmacintyre’s Schools Briefing Autumn 2019

I’m writing this in late October, at a time of uncertainty over the outcome of Brexit and whether we’ll have an election and a labour government proposing to penalise independent schools with taxes.

As schools consider all eventualities, Tom Wilson’s article on financial modelling will assist such scenario planning. Fee collection vigilance becomes more important at times of economic uncertainty and so Tabitha Cave provides us with timely reminders. Siobhan Holmes’ self-assessment questions help us to mitigate the risk of online payment fraud.

Means-tested bursary provision is still the best way to protect a school’s charitable status. David Sewell covers the issues to consider when managing bursary funds. We also include useful updates on current issues affecting employment taxes and VAT.

I look forward to more certainty when writing the editorial for our next publication.

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