VAT on school fees

[milkloss]

We are fortunate enough to have our child in a private school. Not that it is necessary to say but farming hasn’t and isn’t ever likely to pay for this.

I gather many families are registering their children for state education come September 2024.

Wondering if this was worth discussion.

 

[Blue.]

Can you claim it back through the business as training?

 

[farmerm]

How much difference will in actually add? Whilst the schools will need to charge VAT they will also be able to reclaim VAT so the net difference will be significantly less than 20%

 

[B R C]

How much difference will in actually add? Whilst the schools will need to charge VAT they will also be able to reclaim VAT so the net difference will be significantly less than 20%

It will be less but not that much, a lot of the cost is staff. I think the sixth forms will be most affected, get them through GCSEs then send to state school. I’m lucky enough to be able to pay some in advance that will get both of mine through GCSEs and then we’ll see.

 

[Tucker]

My sister teaches at a largish private school near here and they have had discussions saying 20% on fees means 20% pupils leaving, not sure how accurate that would be in reality when it happens ??

 

[Wooly]

This is going to cost more than it raises.

Labour haven't quite worked it out that if 5% of the private school kids end up in state school, that it will actually cost the country tax payers more.

It's just a class war thing, the same as apparently they are going to ban all hunting including bona fida drag hunting.

 

[spin cycle]

not a particular fan of public schools bit fact is ppl who do are effectively paying twice already....I suspect this is going to cost taxpayer rather than raise extra cash

starmer 'throwing a socialist bone' to the left bit like Blair and foxhunting
edit...wooly beat me to it

 

[milkloss]

Can you claim it back through the business as training?

Be nice wouldn’t it. But no, I doubt it.

 

[milkloss]

The amount of sens kids dumped into the state system will be a huge problem too. A massive amount of resources will be required to handle this.

 

[Blue.]

The amount of sens kids dumped into the state system will be a huge problem too. A massive amount of resources will be required to handle this.

It’s already at capacity,well it is round here.
34 in our local primary when I was there,100 now.

 

[Ed Gaskit]

Mortgage brokers already seeing private school parents coming through the door to remortgage to be able to afford the extra..

I feel sorry for the kids that are forced to move into the state sector in their teens when continuity would be critical

 

[Landrover]

Teaching unions have written letters to the labour party asking them not to do it ! Why they need all these extra teachers that the labour lot have promised I have no idea, the council have just made 60 redundant over the next 2 years in our area due to falling pupil numbers and reorganization of schools ! My son starts private school in September, I will just have to suck it up if vat is to pay, big legal challenges coming about this subject apparently which may slow down its start date

 

[Fendt516profi]

Can you claim it back through the business as training?

If it isn't paid for through the farming business unlikely to beable to reclaim the vat through the farm business

 

[Blue.]

If it isn't paid for through the farming business unlikely to beable to reclaim the vat through the farm business

There’s going some try it.

 

[Fendt516profi]

There’s going some try it.

I won't be

 

[Boysground]

not a particular fan of public schools bit fact is ppl who do are effectively paying twice already....I suspect this is going to cost taxpayer rather than raise extra cash

starmer 'throwing a socialist bone' to the left bit like Blair and foxhunting
edit...wooly beat me to it

That’s the key to it all, if someone is paying for private obviously their tax pays for another child’s education.

Mrs Bg has a couple of friends involved with 2 private schools. One of them thinks the school they are at could close. That will be say 400 kids possibly looking for state education. The issue is not with the big elite schools it’s the small ones. The whole idea seems daft to me.

Having said that i suspect a lot of parents will just work harder to find the cash.

Bg

 

[Farmer Fin]

My kids started out at a state and the teaching was hopeless. No matter how many meetings we had nothing changed. Complete lack of accountability in the state sector.

They are now at private and it’s completely different. The school has made a big thing of telling everyone how much they raise for charity and what proportion of places are bursary places. This will suffer if VAT is added.

For me private isn’t about buying entitlement it’s about buying a decent education. Unfortunately your Harrow / Eaton’s / Winchester college don’t help this.

Labour seem obsessed with taking away what people have rather than just sorting what people don’t have.

I have never seen such a bunch of useless politicians in all parties who just tell absolute lies.

 

[Nearly]

How much difference will in actually add? Whilst the schools will need to charge VAT they will also be able to reclaim VAT so the net difference will be significantly less than 20%

Most private schools already exist as charities so can reclaim vat but don't charge it.
Labour want to remove this status.
People such as us will be unlikely to be able to afford 20% extra hence adding extra pupils to the state system.

This will actually make private schools MORE ELITIST and reduce the class diversity of the pupils.
Labour have a total blind spot over this in their historic class war.

 

[WillYorkshire]

If it isn't paid for through the farming business unlikely to beable to reclaim the vat through the farm business

Set up trust for minors, pay fees or more in, pay the tax then minors can claim tax back as they don't pay tax. Will well exceed the vat as well as returning tax from your taxed income.

 

[Chae1]

Most private schools already exist as charities so can reclaim vat but don't charge it.
Labour want to remove this status.
People such as us will be unlikely to be able to afford 20% extra hence adding extra pupils to the state system.

This will actually make private schools MORE ELITIST and reduce the class diversity of the pupils.
Labour have a total blind spot over this in their historic class war.

Can charities reclaim VAT?

I'm involved with our local agricultural show and can't, would be great if we could.