Tag: School Fees - Tax Policy Associates

Posts tagged "School Fees"

EDSK»

How much money could be raised by
charging VAT on private school fees?

Research note

June 2023

Jun 7, 2023 Analysis

Don’t (for now) believe anything you read about the revenue impact of charging VAT on private schools

We’ve been asked a few times to analyse the revenue impact of imposing 20% VAT on private schools. We’ve declined, because it’s a complicated piece of work which probably requires a large team with economic and educational expertise – the actual tax element is relatively small and straightforward. UPDATE 11 July 2023: this article is […]

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May 21, 2023 Investigations

Widespread promotion of school fee tax avoidance schemes

We wrote last week about a school fee tax avoidance scheme, promoted by Signature Tax (the tax boutique owned by the SNP’s new auditors). We’ve since been deluged with reports of other promoters pushing the same scheme. We’ve reported Signature and three other firms to their regulators. More below about who the promoters are, and […]

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Education and School Fees
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May 6, 2023 Investigations

The SNP’s new auditors are flogging a dodgy tax avoidance scheme, and may face a £1m HMRC penalty

The Signature Group, owned by the SNP’s new auditors, are promoting a tax avoidance scheme aimed at parents who send their children to independent school. It supposedly enables parents to fund school fees from their pre-tax income – which, for parents with three kids at a top Scottish independent school – could avoid £100k per year. I say “supposedly” because the scheme is nonsense. HMRC are likely to challenge the scheme, and are likely to win. Parents should steer clear.