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HMRC Revenue and Customs Brief 8 (2024): removal of VAT exemption for private school fees and boarding fees withdrawn

HMRC guidance published in relation to VAT on private school fees – Revenue and Customs Brief 8 (2024): removal of VAT exemption for private school fees and boarding fees withdrawn

  • HMRC released guidance on VAT for private school fees, following a consultation and draft legislation, with updates expected post-Budget on October 30, 2024. The previous exemption removal guidance has been withdrawn.
  • Education providers must register for VAT based on school fee payments for terms starting on or after January 1, 2025, considering advance payments and registration fees.
  • The guidance covers VAT on education packages, distinguishing between single and multiple supplies, and provides details on VAT treatment for additional services and reclaiming VAT.

Source KPMG

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