And how much money is going to be raised charging VAT on private school fees - if any? To charge VAT the schools will have to register for VAT. Once they register for VAT ""they can then, generally, reclaim VAT on goods bought up to 4 years before registering for VAT, and services bought up to 6 months before registering as long as the following conditions are met; The goods were bought by the entity that is now registered for VAT"". All VAT on future goods and services can then be reclaimed. So, how much is the government actually going to receive by charging VAT on private school fees? Not to mention the overall reduced fee income VAT due to parents taking children out of private schools.
And how much money is going to be raised charging VAT on private school fees - if any? To charge VAT the schools will have to register for VAT. Once they register for VAT ""they can then, generally, reclaim VAT on goods bought up to 4 years before registering for VAT, and services bought up to 6 months before registering as long as the following conditions are met; The goods were bought by the entity that is now registered for VAT"". All VAT on future goods and services can then be reclaimed. So, how much is the government actually going to receive by charging VAT on private school fees? Not to mention the overall reduced fee income VAT due to parents taking children out of private schools.