VAT on school fees – what should independent schools do now?

The Chancellor Rachel Reeves gave a fiscal statement on Monday 29 July, including announcements on VAT and independent schools. The announcement states that VAT will be applied to school fees starting from 1 January, 2025.

VAT specialist Gillian McGill chats to Not for Profit partner Giles Kerkham in this episode, discussing the implementation date, types of schools and services affected, the impact on parents and guardians, strategies to mitigate the financial impact, and the possibility of potential failure of independent schools.

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