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ARTICLE · 29 OCTOBER 2024

New Academic Year: New And Old Challenges

IBB Law
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There is lots going on as we start the new academic year. Let's take a look at a few of the new and old challenges facing schools and universities.

United KingdomConsumer Protection
Malcolm Underhill
Malcolm Underhill
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There is lots going on as we start the new academic year. Let's take a look at a few of the new and old challenges facing schools and universities.

VAT change for independent schools

Long before the academic year began we knew changes were on their way. Even before the general election was called, the Labour Party announced its intention to remove the VAT exemption for independent schools. Therefore, it was no surprise that within the first weeks of this new government, HM Treasury issued a technical consultation on the VAT business rate changes affecting private schools. The government announced that the VAT exemption for private schools would disappear on the 1 January 2025. However, this significant change, affecting parents and independent schools alike, was to take immediate effect and thus would catch parents attempting to circumnavigate the new rules before they came into force.

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