Guidance and resources on VAT for private school fees

VAT on Private School Fees Webinar

Date: 7 November 2024

In our recent webinar, Charity VAT Partner Socrates Socratous and Director Kam Chauhan provided essential guidance to school administrators, bursars, finance officers, accountants, and trustees on navigating the upcoming VAT policy changes for private schools. The session covered an overview of the new rules, VAT basics, VAT recovery of costs and partial exemption, areas of difficulty and potential opportunities, and HMRC support resources.

Watch the webinar recording or access the slides below for essential guidance and relevant HMRC support links to help your institution prepare for the new VAT policy taking effect in January 2025.

Access the slides here

A timeline of key insights and practical guidance

From the initial speculation about the policy to the recent announcements in the Autumn Budget, these articles provide a timeline of practical advice and guidance to help your institution understand and manage VAT obligations effectively. 

Autumn Budget 2024: VAT on Private School fees clarifications and questions. | Published on 30 October 2024

Following the Autumn Budget, read more about the implications for VAT on private school fees.

Private School fees & VAT update | Published 15 October 2024

HMRC published further guidance. In this insight, we outline the key elements of the guidelines and, once VAT registered, how schools may start to recover VAT on some of their pre-registration purchases.

VAT on school fees | Published 18 September 2024

The new Labour government fulfilled its intention to introduce VAT on ‘private school’ fees in its announcement in the King’s Speech on 29 July. Socrates Socratous summarises the main technical considerations of the government’s formal policy announcement.

VAT and Private School Fees | Published 1 December 2023

When speculation arose about introducing VAT on private school fees if the Labour Party won the next general election, Charity VAT Partner Socrates Socratous explained the potential implications of these changes.

Upcoming Training on VAT for private school fees seminar

We understand that many Private Schools and those affected by the new VAT rules will need guidance on the practical steps required to meet their new VAT accounting requirements in accordance with the new VAT legislation and HMRC’s guidance. That’s why we’re hosting an in-depth, interactive VAT training seminar on 16 January 2025 at our office in St Paul's, designed to offer tailored support and expert insights on the practical implementation of charging and accounting for VAT.

Once the training is complete, the event will be CPD verified, and certification will be available upon request.

Find out more and sign up here

If you have any questions or need further assistance regarding the upcoming VAT changes or any other VAT-related matters for your institution, our team is here to help.

Simply fill in the form below, and one of our team members will get back to you as soon as possible.