Macalvins have been running the Payroll and Pension Plan for Hayes & Yeading United Football Club for over 10 years.… Read more
Bernard Bitmead
The wider scrutiny of schools and the financial pressure on the sector more generally have all reshaped the operating environment.
Our education team works with independent schools, school groups, higher education providers, tutoring businesses and the wider education sector, including academy school.
We provide the unique audit, accounts, tax, VAT, payroll and the substantive advisory work that the sector needs.
Each part of the sector has its own technical and regulatory framework, which our team is experienced in supporting.

The introduction of VAT on independent school fees is the most significant change the sector has faced in many years. We have worked extensively with schools on the VAT registration, the partial exemption methodology, the capital goods scheme implications, the pricing decisions and the practical implementation.
Macalvins is a Top 100 UK accountancy firm, which is already trusted by many independent schools, academy trusts and higher education providers.
From 1 January 2025, fees charged by private schools for full-time education and vocational training became standard rated for VAT. Schools have had to register, implement partial exemption methodology, manage the capital goods scheme on existing assets and decide how to pass on or absorb the VAT in pricing. The practical operation in the first year has thrown up a number of detailed issues. We have been working with schools through the implementation and the resolution of those issues.
Yes. We work on the financial and tax analysis of school mergers, including the structure of the combined entity, the VAT and charity considerations, the pension scheme implications and the practical integration. The corporate finance team leads the deal work and the education team supports the sector-specific analysis.
Yes. Our partners attend board meetings, support governance reviews and provide the financial and risk input that boards of trustees increasingly need. The regulatory environment for charitable schools has tightened and the standard expected of boards has risen alongside it.