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school fees – Revenue and Customs Brief 8 (2024): removal of VAT exemption for private school fees and boarding fees withdrawn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 The previous exemption removal guidance has been withdrawn.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"
- VAT Beginner’s Guide: Essential Basics for UK Business Registration and Rates
- When Do You Have to Charge Yourself VAT? Key Situations Explained
- Supreme Court Clarifies VAT Group Rules and Time of Supply Interplay
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
