Current academic year
The Young People's Learning Association (YPLA) requires a budget summary from the date of conversion to 31 August 2011 to be prepared on form GAG2. The deadline for submission is 6 weeks after the date of conversion.
Forthcoming academic year
The YPLA announced on 22 June 2011 that it will require a completed final budget summary by 31 July 2011, or within six weeks of ...
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What is it?
FRS 17 sets out the accounting treatment for retirement benefits such as pensions. It requires pension scheme assets and liabilities to be measured, and the pension scheme surplus or deficit to be recognised in full on the balance sheet.
When is a valuation required and who prepares it?
As an academy, you will need an FRS 17 valuation for each financial year end to 31 ...
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Each academy will need to consider VAT registration, and depending on its circumstances there will be 3 potential outcomes:
- Taxable turnover (standard, reduced or zero-rated) supplies over the VAT registration threshold (currently £73k) since academy status – compulsory VAT registration required from the date when the threshold was exceeded. This threshold should continue to be monitored and VAT registration applied for at ...
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