HMRC guidance published in relation to VAT on private school fees – Revenue and Customs Brief 8 (2024): removal of VAT exemption for private school fees and boarding fees withdrawn
- HMRC released guidance on VAT for private school fees, following a consultation and draft legislation, with updates expected post-Budget on October 30, 2024. The previous exemption removal guidance has been withdrawn.
- Education providers must register for VAT based on school fee payments for terms starting on or after January 1, 2025, considering advance payments and registration fees.
- The guidance covers VAT on education packages, distinguishing between single and multiple supplies, and provides details on VAT treatment for additional services and reclaiming VAT.
Source KPMG
Latest Posts in "United Kingdom"
- UK Supreme Court Rules VAT Applicable on Success Fees After Exit from VAT Group
- JPMorgan Chase Bank NA v HMRC: VAT Dispute on Intra-group Service Taxability, Appeal Dismissed
- UK Considers VAT Cut on Domestic Fuel: Targeted Relief or Broad Measure?
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
