Chancellor Rachel Reeves confirms Labour's planned VAT raid on private schools, effective January 2025.
Speaking during the Budget today, Reeves told the Commons: "We will introduce VAT on private school fees from January 2025, and we will shortly introduce legislation to remove their business rates relief from April 2025 too.
"We said in our manifesto that these changes, alongside our measures to tackle tax avoidance, would bring in £8.5 billion in the final year of the forecast. I can confirm today that they will, in fact, raise over £9billion to support our public services and and restore our public finances. That is a promise made and a promise fulfilled."
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