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9mo ago

UK to Impose 20% VAT on Private School Fees Starting January 2025

New tax expected to affect up to 40,000 students, but Hong Kong families remain largely unaffected, experts say.

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Some private school pupils will have to switch to the state sector
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Overview

  • The UK government will implement a 20% VAT on private school fees from January 1, 2025.
  • The tax is anticipated to drive some students from private to state schools, with up to 40,000 affected.
  • Hong Kong education consultants believe the VAT will not significantly impact Hong Kong families due to their financial readiness.
  • The government expects minimal disruption to the state education sector despite potential shifts in student populations.
  • Private schools may face budget cuts or phased fee increases to manage the additional costs.