- Chancellor announced VAT on education by private schools starting January 1, 2025
- Private schools not VAT registered will need to register and consider input VAT recovery
- Anti-forestalling measures in place for fees paid after July 29, 2024
- Labour Party had long trailed policy change
- Private schools may face difficulties adjusting fees mid-academic year
- Schools can recover input VAT on costs, so actual fees may not increase by 20%
- Schools may need to revisit 2024-25 fees to limit impact
Source: simmons-simmons.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.
