31 min
Why adding VAT to private school fees is more complicated than it sounds Inside Your Ed
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- Education
In the current education policy landscape, the debate over adding VAT to independent school fees is by far the most high-profile dividing line between Labour and the Conservatives.
That said, the question of what would actually happen in practice if Labour won the next election and tried to implement this policy has received remarkably little attention in political circles.
That is why at the beginning of March, EDSK published a new report that outlined the findings from our investigation into the obstacles that a future government may face if it tried to add VAT to school fees.
This podcast episode will not be offering, and does not intend to offer, any legal or financial advice, but what this episode is absolutely going to offer is an important and timely insight into what VAT is, how it works and the complexity that lies beneath the surface.
If you thought that adding 20% VAT to independent school fees would be a straightforward matter then you may well be having second thoughts by the end of this episode.
To help us unravel some of the complexities of VAT legislation and bust a few myths along the way, our guest today is Kieran Smith, a Partner in the VAT group at Crowe, which is an audit, tax and advisory firm. Kieran has over two decades of experience working on VAT, and yes, VAT is that complicated that people can spend their entire careers working on it!
CLICK HERE TO BROWSE OUR ENTIRE BACK CATALOGUE
FIND OUT MORE ABOUT EDSK: www.edsk.org
In the current education policy landscape, the debate over adding VAT to independent school fees is by far the most high-profile dividing line between Labour and the Conservatives.
That said, the question of what would actually happen in practice if Labour won the next election and tried to implement this policy has received remarkably little attention in political circles.
That is why at the beginning of March, EDSK published a new report that outlined the findings from our investigation into the obstacles that a future government may face if it tried to add VAT to school fees.
This podcast episode will not be offering, and does not intend to offer, any legal or financial advice, but what this episode is absolutely going to offer is an important and timely insight into what VAT is, how it works and the complexity that lies beneath the surface.
If you thought that adding 20% VAT to independent school fees would be a straightforward matter then you may well be having second thoughts by the end of this episode.
To help us unravel some of the complexities of VAT legislation and bust a few myths along the way, our guest today is Kieran Smith, a Partner in the VAT group at Crowe, which is an audit, tax and advisory firm. Kieran has over two decades of experience working on VAT, and yes, VAT is that complicated that people can spend their entire careers working on it!
CLICK HERE TO BROWSE OUR ENTIRE BACK CATALOGUE
FIND OUT MORE ABOUT EDSK: www.edsk.org
31 min