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"
- Supreme Court Rules Against VAT Recovery on Hotel La Tour’s Fundraising Share Sale Costs
- UK Supreme Court Rules VAT on Share Sale Fees Not Recoverable for Business Funding
- UK Eases VAT Grouping Rules to Attract Foreign Investment and Simplify Cross-Border Compliance
- Tribunal Rules Bespoke Autobiography Books by Story Terrace Qualify for VAT Zero-Rating
- Full VAT Recovery Allowed on Product Photography Costs in Littlewoods v HMRC Tribunal Decision
