Half could move children out of private education and into state schools if 20% VAT is added to school fees - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com4 months ago
Labour plans to add 20% VAT on private school fees, potentially causing parents to relocate children to state schools. This could impact tax revenue, teacher recruitment, and private school student exodus.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/half-could-move-children-out-of-private-education-and-into-state-schools-if-20-vat-is-added-to-school-fees/
The potential tax increase may lead to challenges in fee payments, forcing families to reevaluate education choices. Wealth Club clients, largely high-net-worth individuals, express concerns over the impact of VAT on school fees and overall financial planning.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/half-could-move-children-out-of-private-education-and-into-state-schools-if-20-vat-is-added-to-school-fees/
If 24% of private school parents pull children out due to VAT, around 149,000 children may shift to state schools, requiring approximately 5,000 more teachers. The tax's intended educational reforms might end up catering to those exiting the private system.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/half-could-move-children-out-of-private-education-and-into-state-schools-if-20-vat-is-added-to-school-fees/
Read at London Business News | Londonlovesbusiness.com
#private-schools #vat #state-schools #tax-revenue #education-system
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