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When will VAT be added to private school fees?

Chancellor Rachel Reeves has confirmed plans to remove the value added tax (VAT) exemption for private schools in the autumn Budget.

VAT at the standard rate of 20% will be added to private school fees from 1 January 2025, external.

The government said the tax would apply to all payments for the January term made from 29 July 2024 onwards.

Read the full article on the BBC here.