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Since the Labour government published draft legislation on VAT for private schools on 29 July 2024, many schools have responded by adjusting their fee structures, effective from 1 January 2025. According to a report published by the IFS a year ago, schools were...
With VAT on private school fees starting in January, over half of parents may be impacted, prompting many HNWIs to consider state schools.
Starting April 2025, private schools will lose charity status and pay full business rates as the government ends their relief. Want details? This article covers it!
A lack of resources for monitoring compliance led to a record 341 tax reliefs costing taxpayers £204bn in 2023, with only 25 evaluated for cost-effectiveness in the last eight years. With a budget of just £600,000, the Treasury and HMRC face questions about the value for money offered by these reliefs.
