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1. www.tes.com › magazine › analysisVAT on private school fees: everything you need to know | Tes

   www.tes.com › magazine › analysis

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   4 days ago · VAT will be added to private school fees from 1 January 2025. Exchequer secretary to the Treasury James Murray recently confirmed that the VAT charge will also apply to “pre-payments of fees” for terms starting in the new year. Private schools will be able to register for VAT for education and boarding fees from 30 October 2024.

2. www.taxexpert.co.uk › tax-planning-for-privateTax Planning for Private School Fees - taxexpert.co.uk

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   3 days ago · 2024 Average Private School Fees. Private school fees continue to rise year on year, with a significant increase projected following the removal of VAT exemption in 2025. For 2024, the average annual cost for a day school is around £15,000 per child, while boarding schools cost over £39,000 per year.

3. www.lancashiretelegraph.co.uk › news › 24678953Council leader defends private schools amid VAT fees debate

   www.lancashiretelegraph.co.uk › news › 24678953

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   3 days ago · The new Labour government says the planned tax revenue from private schools and private sixth forms would boost state education and fund 6,500 new teachers in England.

4. www.saffery.com › insights › articlesVAT on private school fees - a guide - Saffery

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   Oct 21, 2024 · From 1 January 2025, when education provided by private schools becomes subject to VAT, in accordance with the general rules of VAT recovery, VAT will be recoverable on expenditure incurred by the school in connection with the supply of such education.

5. www.gov.uk › guidance › check-if-you-must-registerCheck if you must register for VAT if you receive private ...

   www.gov.uk › guidance › check-if-you-must-register

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   Oct 10, 2024 · From 30 October 2024, school and boarding fees for school terms starting on or after 1 January 2025 will be taxable at the standard rate of VAT of 20%. Education providers that charge school...

6. www.bbc.com › news › articlesPrivate schools: When will VAT be added to fees? - BBC

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   Oct 8, 2024 · VAT at the standard rate of 20% will be added to private school fees from 1 January 2025. The government has also cracked down on parents trying to avoid the extra tax by paying fees in...

7. People also ask

   Are school fees taxable in 2024?

   • This guidance will be updated if any policy or legislative changes are announced at Budget 2024. From 30 October 2024, school and boarding fees for school terms starting on or after 1 January 2025 will be taxable at the standard rate of VAT of 20%.

   Check if you must register for VAT if you receive private ... - GOV.UK

   www.gov.uk/guidance/check-if-you-must-register-for-vat-if-you-receive-private-school-fees

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   Are school and boarding fees taxable?

   • From 30 October 2024, school and boarding fees for school terms starting on or after 1 January 2025 will be taxable at the standard rate of VAT of 20%. Education providers that charge school and boarding fees must check if they need to register for VAT because of these changes.

   Check if you must register for VAT if you receive private ... - GOV.UK

   www.gov.uk/guidance/check-if-you-must-register-for-vat-if-you-receive-private-school-fees

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   Why did the Chancellor end the VAT exemption for private schools?

   • VAT on private… In her statement on 29 July 2024, the Chancellor announced an end to the VAT exemption for education provided by private schools to take effect from 1 January 2025. The Labour Party had included this commitment in their manifesto with the aim of raising tax revenue to improve standards in state schools by recruiting more teachers.

   VAT on private school fees - a guide - Saffery

   www.saffery.com/insights/articles/vat-on-school-fees-a-guide/

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   Are school fees subject to VAT?

   • Any fees received from 30 October 2024 for school terms from 1 January 2025 onwards will be subject to VAT on the date you received the payment. You will need to notify HMRC within 30 days if you realise the amount of pre-payments you receive will exceed £90,000 in the next 30 days.

   Check if you must register for VAT if you receive private ... - GOV.UK

   www.gov.uk/guidance/check-if-you-must-register-for-vat-if-you-receive-private-school-fees

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8. www.taxation.co.uk › articles › capital-goods-schemeCapital goods scheme and pre-registration input tax for ...

   www.taxation.co.uk › articles › capital-goods-scheme

   Oct 7, 2024 · The school has never registered for VAT because all supplies of private education are currently exempt from VAT so it could not claim any input tax on the project costs. However fast forward the clock to 1 January 2025 – when private school fees and boarding charges will be subject to 20% VAT – and the goalposts will move in dramatic fashion.