- The government has set the date of the Budget for 30 October 2024
- VAT will be charged on private school fees paid from 29 July 2024
- The Chancellor confirmed that income tax, national insurance contributions, and VAT will not be increased
- Draft legislation has been published to charge VAT on education and boarding services provided by private schools
- The changes will not impact pupils with the most acute special educational needs
- The measure will apply to fees paid from 29 July 2024 in relation to the term starting in January 2025
- The government has published guidance for private schools on registering for VAT
- Comments on the draft legislation and technical note are invited by 15 September 2024
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.
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