Labour U-turns on plan to scrap charitable status of private schools
- Labour has changed its policy on private schools, deciding to continue charging business rates and VAT, which could raise up to £1.5bn.
- The party has dropped its plan to remove charitable status from private schools but still intends to eliminate other tax breaks if it wins the next general election.
- Conservative Treasury minister John Glen criticized Labour's U-turn, stating that their school tax hike does not work.
11 Articles
11 Articles
Labour drops key pledge to end private schools’ charitable status
SIR Keir Starmer has u-turned on a key pledge to strip private schools of their charitable status. Labour will still sting them for VAT but now thinks removing other charity-linked benefits is unnecessary. Sir Keir Starmer has u-turned on a pledge to strip private schools’ charitable status As charities, independent schools receive a range of perks including swerving tax on annual profits and business rates relief. This is separate from their…
Labour backs down from plan to strip private schools of charitable status
Party says policy of charging fee-paying schools VAT remains, and ‘doesn’t require’ removing statusPrivate schools would retain some of their tax breaks under a Labour government, after the party backed down on its pledge to strip them of charitable status.The party said it no longer needs to end the charitable status of private schools to achieve its policy of charging 20% VAT on fees and ending business rates relief in England, as first report…
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