- On 29 July 2024, the government announced the removal of VAT exemption for private school fees and boarding fees from 1 January 2025.
- Education services and vocational training supplied by a private school or a “connected person” for consideration will be subject to VAT at the standard rate of 20%, and the standard rate will also apply to boarding services that are “closely related” to such supplies.
- There was a consultation on the technical aspects of the policy and the draft legislation.
- Timing: VAT will apply from 1 January 2025. The consultation closed on 15 September 2024.
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