What has changed
Private school fees now carry 20 per cent VAT following a change in the rules.
Who it affects
Families paying private school fees, and the schools themselves.
What you should do
Review how and when fees are paid, and budget for the added cost. Schools should ensure their VAT treatment and pricing are correct.
Our view
This is a significant cost change for affected families. Planning the timing of payments can help manage the impact.
Common questions
Who does this affect?
Families paying private school fees, and the schools themselves.
What should I do about it?
Review how and when fees are paid, and budget for the added cost. Schools should ensure their VAT treatment and pricing are correct.
Can TaxTune help me with this?
Yes. Tell us your situation through the quote builder or book a free call, and we will explain exactly what it means for you and handle it if you would like.