Labour confirms exact date private schools to be charged 20% VAT
Private schools are set to have their tax-exempt status rescinded in just five months, Chancellor Rachel Reeves has said.As part of the move, as Reeves announced today in Parliament, a 20 per cent VAT charge will be added to fees by January 1, 2025.If the roughly 2,500 private schools in the UK choose to pass on the tax rise to parents, it will mean that fees will rise in the middle of the school year.The Government is also set to […]