- Two thirds of parents with private school aspirations support the addition of VAT to private school fees
- Wealthy Brits, including parents with kids in private school, are in favor of the VAT addition
- Men are more supportive of the VAT addition than women
- Some parents with privately schooled children say an increase in fees would impact them financially
- Parents are willing to make sacrifices to send their children to private school, including using inheritance or dipping into their pension
- Financial planning and professional advice are important for parents making decisions about private school fees and their financial future.
Source: ifamagazine.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- UK Court Rules HMRC Wrongly Denied Hotel Supplier’s £10.2 Million VAT Claims
- New Updates on Correcting VAT Errors: Key Changes and Guidance for Businesses
- Tribunal Rules on VAT Status of Government Grants for Free Educational Services by Colleges
- Colleges Win £2.8 Million Tax Rebates Amid VAT Rule Dispute with HMRC
- The UK Should Lower or Abolish, Not Raise, Its VAT Registration Threshold
