Advance private school fee payments may create VAT disputes, experts warn
Wednesday 19th June 2024
Use of ‘anti-forestalling’ measures may counteract any perceived savings and lead to higher costs in future
Parents paying seven years’ worth of private school fees in advance to escape Labour’s plans to add VAT could be “sleepwalking” into protracted tax disputes, experts have warned.
Advance payment schemes have been available for years at some independent schools. But since Labour confirmed its plans to add VAT of 20% to school fees, the uptake has gone up sharply as parents seek ways to keep costs down.
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