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Navigating VAT on School Fees: Understanding Advance Payment Schemes and Potential Implications

  • VAT on school fees is a controversial topic, especially fees paid in advance
  • Rishi Sunak’s unexpected actions have affected the timeline for VAT introduction
  • Advance payment schemes for school fees have been around for a long time
  • There are technical provisions in VAT legislation regarding the timing of supply
  • Labour administration may consider options like retrospective legislation to address VAT on school fees

Source: haysmacintyre.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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