Are you ready to dive into the world of education finance and the impact of VAT on private school fees? Join us as we explore the changes coming next year and how they may affect families and schools across the UK.
- Editor’s Digest: Roula Khalaf, the Editor of the FT, shares her top stories in an exclusive weekly newsletter.
- VAT Changes: Starting January 1, a 20% VAT rate will be added to private school fees, including boarding services. The government defends this as a necessary measure to bolster funding for state schools.
- Impact on Families: With about 6% of schoolchildren attending private schools, families may face higher fees. Some schools may not pass on the full VAT cost, but parents struggling to afford the increases may have to consider alternative schooling options.
- School Responses: While some schools may struggle with the financial burden, data suggests that state schools can accommodate transfer students. However, some areas may see intense competition for desirable schools.
- Share Your Experience: If you’re concerned about paying VAT on fees or have already taken steps to address the issue, we want to hear from you. Has your child’s school offered enough support during this financial challenge? Contact us confidentially at laura.hughes@ft.com.
As the education landscape shifts with new financial demands, it’s essential for families and schools to navigate these changes together. Stay informed, share your experiences, and work towards a more sustainable future for education in the UK.
