Blog Post

A class act

TomS - Head Tom Simper Aug 6, 2024, 11:00 AM

The government announced plans to impose VAT on private school fees to fund improvements in public education.

The current exemption from value-added tax (VAT) will be removed to fund 6,500 new teachers in England. VAT at the standard rate of 20% will be added to private school fees starting 1 January 2025.

In a poll of agents, 24% report noticing an increase in demand for homes close to outstanding rated schools, directly associated with the announcement.

Just 15% of schools are judged to be Ofsted Outstanding, but 90% achieved the rating: Good or Outstanding, up from 68% in 2010 – suggesting that standards are continuing to improve. (Department for Education). Source: Dataloft by PriceHubble poll of subscribers. Poll 24th July 2024

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