Eton among elite private schools set to cash in on windfall from new VAT rules

The UK's richest private schools, like Eton College, stand to gain significantly from VAT reimbursements, widening the financial gap between them and smaller institutions struggling with costs.

Once registered for VAT, independent schools will be able to recover taxes on past capital projects. This move could create significant disparities within the private education sector.

While elite schools might boost their finances with VAT refunds on operating costs, smaller institutions will likely have to use any recovered funds just to maintain lower fees.

Many in the independent school sector believe the VAT changes will favor wealthier schools, causing distress and hardship for smaller, less affluent institutions.

Read at www.theguardian.com