Navigating Business Growth & VAT

When you think back to two years ago and everything that was going on in the world, it doesn’t seem real does it? School Closures; University Lockdowns; Loss of jobs; All forms of daily structure went out of the window as parents Home-Schooled in between work calls and the then very novel Zoom Meetings…where would we have been without the WhatsApp groups set up by way of support as we all faced a collective although very individual set of Home-schooling dramas! One thing the world did appreciate, alongside our NHS…Teachers! Having to change the way they worked, the way they taught! How did we all cope? 

To look back on this and see how opportunity was created at a time where there was more cloud than silver lining, is testament to us all. The opportunities that arose from this unprecedented moment in history. The gap that was unarguably created in our children’s education has well and truly been filled and is now overflowing by the vast increase of Education and Tuition based businesses available to us, be it online or in person. 

Thankfully the negative effect of Covid19 on education is starting to become a distant memory and we can now concentrate on the positives. 

There are a number of advantages to both online and offline teaching and learning, and the wealth of topics parents can access is far greater than any school syllabus; what’s more, the demand has never been greater. The by-product of Covid, parents were prepared to pay for this level of education creating a more commercial angle to what had been predominantly free, and we saw that the pandemic had created a greater need for Education and Tuition based businesses; demand created the need to upscale these businesses quickly, consistently, and due to the economic climate, risk free. 

However, as businesses grow, we naturally see ourselves paying more VAT. But what some aren’t aware of is that there is a VAT exemption available to the Education and Tuition sector when they are structured in the correct way. 

It doesn’t apply to everyone; There are two sets of criteria that need to be met, one is based on the subject you teach and the second is how your business is set up. 

As experts in this field, we understand the criteria inside and out, helping businesses, just like yours, to run under the correct legislation to be exempt from VAT. 

If a subject ordinarily taught across schools and universities, is taught by an owner or partner in the business, then the business can benefit from the exemption. 

Are you looking to expand your business? Will this push you over the VAT threshold of £85K? If the answer is ‘yes’ then speak to us today. 

d&t will guide you, help set up your business and manage it correctly. We’ll work at a pace that you feel comfortable, whilst saving you money.

For more details, email hello@team-dt.com, call 01793 741600 or visit team-dt.com

ICAP members get an exclusive offer from d&t. Check your member’s area for details, or email hello@institutecap.co.uk

By becoming a member of ICAP you’re joining a community of like-minded professionals and business owners in the children’s activity sector working towards excellence

Pip Wilkins

Pip Wilkins is the Chief Executive of the British Franchise Association (bfa). With 25 years’ experience in the franchise sector, Pip has worked her way up within the Association, gaining insight from all areas of the business and the franchise industry. She is well-known and highly regarded in franchising for her dedication and depth of knowledge. Pip regularly speaks at conferences and seminars both domestically and internationally, as well as writing on franchising matters for national, local and franchising trade press. Pip is also a regular judge for the annual bfa HSBC Franchise Awards, the Franchise Marketing Awards and Global Franchise Awards. Pip represents the UK at both the European Franchise Federation (EFF) and World Franchise Council (WFC). The bfa has grown to be one of the largest franchise associations in Europe, and one of the most successful associations in the world.

Theo Millward

Theo Millward is a graduate of Lancaster University with a BBA in Management. In 2016 Theo purchased UK swim school, Swimtime from the founders which teaches 20,000 children a week. Following a multi-award- winning digital transformation, during the global pandemic, Theo and his team founded Franscape, a saas that digitally transforms Franchise brands. FranScape won New Business of the Year at the UK Business Awards.

Andy Georgiou

Andy is the Founder of ICAP and a leading UK Franchise Business Consultant. He is fiercely committed to helping children’s activity providers build successful and profitable businesses. With qualifications in Business Management, Digital Media and Marketing, he has helped build, advise and grow leading 6 and 7 fiqure children’s education, sports and activity brands in the past 17 years.

Frank Sahlein

Frank has been active in the Children’s Activity Center industry as an athlete, coach, business owner, consultant and business broker. He is a native of San Mateo, California and graduated from San Jose State University in California (USA).
Frank was a pioneer of the Children’s Learning Opportunity Center concept from 1976 – 2016 at the Wings Center in Boise, Idaho (USA) – a blend of Sports Instruction, Arts, Education, Entertainment and Outreach programs.
As a business management innovator, Frank has delivered over 1,000 presentations for a variety of Children’s Activity Center industries such as gymnastics, swimming, cheerleading, dance, martial arts/ninja and child care/education.
3rd Level Consulting is a Business Development and Service Provider Partner for private industry companies, associations, and organizations in the USA, Australia, Canada, New Zealand, Singapore, the United Kingdom, Mexico, and Panama.
Two-time recipient of the National Business Leader Award from USA Gymnastics, Frank is the author of “Building Your Business Potential” and “Designing Your Empowered Life”. He is the creator of the SmartEDGE™ Business Applications and Management Certification Courses. He is the co-founder of LEAP Learning and the MetaSpheres Corp, and is the founder and Executive Director of the International Association of Child Development Programs.
His passions include his beautiful wife Lourdes Gonzalez, family, friends, fitness training, transformational reading and travel.