HMRC plans new private school tax grab
- Tax authorities are reviewing early payment deals at private schools to assess potential misuse of pre-payment arrangements to avoid VAT on fees.
- Chancellor Rachel Reeves announced that advance payments made from July 29, 2024, would incur VAT, raising potential concerns about pre-payment plans.
- Ministers expect lengthy legal disputes between the tax authority and independent schools regarding VAT obligations.
- Tax investigations by HMRC may take years to complete, leaving families susceptible to significant unpaid VAT demands long after payments are made.
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Entrepreneur slams No 10 wealth grab - despite getting taxpayer-backed loan
The founder of a hot tub and plunge pool business has said he understood why “the masses” were leaving Britain and was accelerating plans to do so himself, despite his firm recently receiving a taxpayer-funded loan to fuel its international expansion. Rob Carlin, who runs Derbyshire-based spa company Superior Wellness, blamed a succession of punitive tax hikes on private education as being behind the closure of his son’s secondary school, saying…
·London, United Kingdom
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Total News Sources6
Leaning Left0Leaning Right3Center2Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 40%
R 60%
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