RCB/2/18 VAT—treatment of Advanced Learner Loans

Part V16 Forms and other HMRC material

RCB/2/18 VAT—treatment of Advanced Learner Loans

RCB/2/18 VAT—treatment of Advanced Learner Loans

Revenue & Customs Brief, Issue 2. 24 January 2018

1 Purpose of this brief

This brief explains HMRC's view on the tax treatment of receipts of payments of Advanced Learner Loans from Student Finance England by educational bodies.

Student Finance England is part of the Student Loan Company and acts as agent for the Department for Education.

This brief doesn't apply to those educational bodies that are eligible bodies (see Section 3).

HMRC is aware that policy isn't being applied consistently, so this brief confirms the policy to be applied in these particular circumstances.

2 Background

VATA 1994 Sch 9, Group 6 exempts supplies of all education, and closely related goods or services, made by an eligible body. Eligible bodies include schools,

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial