Category: VAT
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Labour’s VAT on private school fees set to cool house prices in London’s affluent enclaves
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House prices are expected to fall in some of London’s most exclusive postcode areas, as Labour’s decision to introduce VAT on private school fees forces more families to reconsider their housing options. Property experts predict that homeowners with high education bills will either downsize homes, move to more affordable areas,…
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Labour says middle classes back 20% vat on private school fees
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Middle-class parents have welcomed the government’s move to impose a 20 per cent value-added tax on private school fees, according to Education Secretary Bridget Phillipson. Speaking ahead of the policy’s launch on Wednesday, Phillipson says many families are being “locked out” of independent education due to rising costs, and now…
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Surrey runs out of state school places for private pupils as VAT raid bites
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Surrey County Council has admitted it does not have enough state school places to accommodate children transferring from private schools, after the government imposed a 20 per cent VAT on independent education. Projections obtained through a Freedom of Information request show that for admissions in September 2025, it is expected…
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Labour’s VAT on private school fees triggers surge in state school applications
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Labour’s 20% VAT on private school fees, which is due to start in January, is already driving the shift from the independent sector to the state sector, with more than 3,000 private school students applying to schools. government between June and September. The policy, announced by Chancellor Rachel Reeves in…
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Private schools to launch legal action against VAT on fees, calling policy ‘discriminatory’
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Private schools in the UK, represented by the Independent Schools Council (ISC), have voted to take legal action against Labour’s decision to impose VAT on school fees. The International Study Centre, which represents 1,400 independent schools, says the new tax is discriminatory, and particularly affects students with special educational needs…
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Private Christian Schools to sue government over VAT plans
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Three private Christian schools and a group of parents are preparing to launch a legal challenge against the government’s plan to impose value-added tax on school fees. Emmanuel School in Derby, the Christian Branch School in Yorkshire and King’s School in Hampshire, along with parents, claim that the tax would…
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10,000 fewer children in private schools ahead of Labour’s VAT policy, warns sector
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The number of children in special education has fallen by 10,000 over the past year, as parents expect VAT to be introduced on school fees in January, according to the Independent Schools Council (ISC). The organization estimates that the move could cost the government an additional £93 million to educate…
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Report backing Labour’s private school VAT policy written by minister’s close friend
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Labour’s plan to impose VAT on private school fees has come under scrutiny after it emerged that a major report justifying the policy was written by a close friend of a government minister. Matthew Pennycook, a minister in the Department for Settlement, Housing and Communities, was reported to be best…
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Report backing Labour’s private school VAT policy written by minister’s close friend
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Labour’s plan to impose VAT on private school fees has come under scrutiny after it emerged that a major report justifying the policy was written by a close friend of a government minister. Matthew Pennycook, a minister in the Department for Settlement, Housing and Communities, was reported to be best…
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Motor Industry calls for VAT cut on electric cars and charging points to boost EV market
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The car industry is calling on the UK government to cut VAT on new electric cars and public charging points in a bid to counter the slowdown in the electric car market. The Society of Motor Manufacturers and Traders (SMMT) has written an open letter to the Chancellor, urging a…
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Philippines levies 12% VAT tax on digital services by tech giants By Reuters
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MANILA (Reuters) – The Philippines will impose a 12% value-added tax on digital services offered by technology giants such as Amazon (NASDAQ:), Netflix (NASDAQ:), Disney and Alphabet (NASDAQ:), in 2019. The Internal Revenue Agency said On Thursday, it is a move that will level the playing field with local players.…
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Treasury mulls plan to hike VAT to 18.5%
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The government has already agreed to raise VAT to 18% from January 1, 2025 as part of a special budget passed after the war began. Israel’s Finance Ministry is considering a plan to raise VAT to 18.5% from its current 17%, if necessary, a source familiar with the matter told…
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Treasury mulls plan to hike VAT to 18.5%
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The government has already agreed to raise VAT to 18% from January 1, 2025 as part of a special budget passed after the war began. Israel’s Finance Ministry is considering a plan to raise VAT to 18.5% from its current 17%, if necessary, a source familiar with the matter told…
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Private schools urge treasury to delay VAT implementation until September ’25
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Private school leaders have urged the Treasury to delay the introduction of VAT on school fees, warning that introducing the tax in January could lead to a significant mid-year increase in pupil numbers in the state sector, putting unsustainable pressure on already limited resources. Independent schools are set to raise…
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Could Labour’s plan to put VAT on private schools lead to parents ‘Finding Religion’
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Ah, Labour, that beacon of fairness and redistribution, has once again given us a stroke of genius. This time, the plan is to impose a VAT on private schools, those bastions of privilege and first-class education. Now, while the sight of Eton and Harrove pupils writhing in fear at the…
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Netanyahu, Simhon pushing to cancel VAT hike
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A source close to the matter told Globes that Prime Minister Benjamin Netanyahu and his economic adviser, Professor Avi Simhon, are pushing to cancel the VAT hike from 17% to 18%, which is scheduled to go into effect on January 1, 2025. The plan, prepared by Simhon, head of the…
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Uber Faces £1 Billion VAT Showdown with HMRC
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Uber, the ride-hailing and food delivery giant, is bracing for a major tax dispute with HM Revenue & Customs (HMRC) over £1bn VAT payments. Since March 2022, Uber has been required to pay 20 per cent VAT on its fares and delivery sales, resulting in a total charge of £951…
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Closing the fiscal gap: Higher VAT, lower net pay
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Work on the 2025 budget is progressing well, although there is still time before it is approved by the Knesset. This time, budget preparation will be particularly complicated, because of the war, the fiscal deficit, and the measures that taxpayers will have to bear. Specialists in the Ministry of Finance…