What you need to know: VAT and private school fees

Angela Bedi, senior technical writer at Croner-i explains the practical implications to consider as schools and parents prepare for the new school year

It is widely expected that, should Sir Keir Starmer win the election, the new Labour government will move quickly to impose VAT at the standard rate on private school fees currently exempt from VAT, although there is significant debate about how quickly this might, in fact, be achieved.

Whatever your view of the politics involved, and the wider issues raised almost daily in the mainstream media, the relevant schools and parents are having to consider the potential financial impact such a change will mean for them.

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