The proposal is unsurprising because the Institute for Fiscal Studies has discussed it and suggested that this saving might arise, and the Labour Party accepts that this reform is necessary.
I suggest that abolishing the VAT exemption for services supplied by private schools might raise approximately £1.6 billion in tax a year.
- Brief Summary
- Discussion
- Cumulative value of recommendations made
Source: www.taxresearch.org.uk
Latest Posts in "United Kingdom"
- Keir Starmer Faces Criticism for Not Ruling Out VAT Increase Amid £30bn Financial Gap
- ICS2 Implementation Delayed: Businesses Can Use ICSNI for ENS Declarations Until December 2025
- First-tier Tribunal Rules Nitrous Oxide Not Zero-rated for VAT as Food Ingredient
- Understanding HMRC’s GfC14: Tax Reliefs and Compliance in Freeports and Free Zones
- UK Chancellor Considers Adjusting VAT Nil-Rate and 5% Rate for 2025 Budget Funding
