- ICAEW urges delay in charging VAT on private school fees
- Government published draft legislation on 29 July 2024
- Legislation charges VAT at 20% on education and boarding services provided by private schools
- ICAEW’s Tax Faculty has responded to the consultation on the draft legislation
- Practical issues include challenges for schools to register for VAT before 1 January 2025
- ICAEW recommends change to apply to terms starting on or after 1 August 2025
- Technical issues identified with the draft legislation by the faculty
Source: icaew.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
- Colleges Win £2.8 Million Tax Rebates Amid VAT Rule Dispute with HMRC
- Tribunal Rules on VAT Status of Government Grants for Free Educational Services by Colleges
- The UK Should Lower or Abolish, Not Raise, Its VAT Registration Threshold
