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The removal of the VAT exemption is UK-wide, but each nation will decide how to spend the additional money received. The government estimates that the policy will raise an extra £460m in 2024/25 ...
The default VAT rate is the standard rate, 20% since 4 January 2011. Some goods and services are subject to VAT at a reduced rate of 5% (such as domestic fuel) or 0% (such as most food and children's clothing). [3] Others are exempt from VAT or outside the system altogether.
The recent controversial move by Labour to charge VAT on private school fees was also facilitated by Brexit, as the EU law designates education a VAT-exempt activity.
But in recent years, it says fees across the UK have increased by about 20% since 2010 in real terms, and 55% since 2003 (without VAT), but pupil numbers have remained consistent, at around 6-7% ...
Certain goods and services must be exempt from VAT (for example, postal services, medical care, lending, insurance, betting), and certain other items are exempt from VAT by default, but states may opt to charge VAT on them (such as land and certain financial services). Hungary charges the highest rate, 27%. Only Denmark has no reduced rate. [57]
Clubs that allow temporary members to use their facilities will need to charge fees equivalent to the annual costs to full members, to include match fees and fees for hiring courts and so on. For example, if the annual costs of membership were £240 for twelve months then temporary membership for two months would need to cost no more than £40.
[5]: 98–99 Certain goods and services are required to be exempt from VAT (for example, postal services, medical care, lending, insurance, betting), [5]: 135 and certain other goods and services may be exempt from VAT ("zero rated") although individual EU member states may opt to charge VAT on those supplies (such as land and certain financial ...
The Government’s decision to apply VAT to private school fees could have a “seismic impact” on girls’ life chances, a leading headteacher has warned. Alex Hutchinson, president of the ...