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💰🎓Navigating VAT on Independent School fees: How estate and energy strategies can mitigate the impact 🎓💰 As the UK gears up for a General Election on 4 July 2024, independent schools face a pressing financial concern: the potential impact of Value Added Tax (VAT) on school fees. This looming change necessitates a proactive approach from educational institutions to mitigate its effects. Much has been said on this subject but in this article, we delve into the implications of VAT on school fees in the independent sector and focus on how strategic estate and energy management can offer solutions to navigate this challenge effectively. Read the article here: https://zurl.co/1tBV

With the upcoming General Election on the horizon, the potential introduction of VAT on private school fees is a hot topic. Will Powell, Chartered Financial Planner, dives into the implications and offers practical strategies for families to manage these potential changes. From considering Payment In Advance (PIA) schemes to smart investments, this article is a must-read for parents planning for their children's education.

The following file contains a summary of the funding levels for the state education appropriations in the Enacted 2024-25 Fiscal Year Budget.

The Federal Budget is out and this means we get more direction from the government about the focus areas in higher education in response to the Universities Accord. Following the informative discussion about the Accord Recommendations 18 & 19 at the Student Network Session yesterday, the Federal Budget has released updates for us to consider: ->> The Government will establish a new National Student Ombudsman as a new statutory function to provide an effective, trauma-informed escalated complaints mechanism for all higher education students to use when they are not satisfied by their higher education provider’s response. ->> The Government will mandate a minimum of 40 per cent of the Student Services and Amenities Fee (SSAF) revenue that is received by each higher education provider is directed to student-led organisations which includes student associations, student unions and student guilds. We look forward to generating more discussion with the members about the above and many other budgetary commitments to student support, safety and welfare at the upcoing online sessions and face-to-face Student Voice Summit and SVA Symposium in September. Read Education Portfolio Budget Statements here: https://lnkd.in/ePKN2udA

To all parents out there...helping to pay for your kids to go through for university can need planning to make it way more manageable! In our latest article, we share tips on how to save for your child’s education, covering everything from tuition fees to living costs and tax-efficient savings options. So of you are thinking about this and how to help your kids' get through university this guide is for you discussing: - Current tuition fees across the UK - Best ways to save (like Junior ISAs) - How to make the most of tax breaks And more! Check it out to get a head start on planning. #UniversityCosts #FinancialPlanning #EducationSavings #StudentFinance #Parenting #FutureGoals

As we enter the final month (we hope) of budget negotiations between the Pennsylvania governor and the legislature, we might look deeper into the ideologies driving the debates over how much taxpayer money should be used to support public higher education, and how it should be distributed.

The UK government's decision to eliminate tax exemptions for private schools marks a pivotal shift in educational policy. Explore the potential implications in our recent blog. Savills are supporting several educational establishments across the country to review their strategy and consider options for creating new sustainable income streams in light of these changes. #educationsector #businesssupport #commercialoptions

"The stark financial situation we are facing in Scotland needs to reignite the debate about whether, in such circumstances, we should be offering so many tax-payer funded universal benefits" With tuition fees coming up at portfolio questions tomorrow at the Scottish Parliament, I'm re-sharing this article I wrote for Reform Scotland for The Times last year about why reform is badly needed in Scotland. #HigherEducationFunding #Tuitionfees https://lnkd.in/eWfhcJJ8

As we fast approach a new government. It's worth pointing out that the findings of the IFS report (into the abolition of VAT exemption on private school fees) are woefully optimistic. In reality, the report is an exercise in wishful thinking dressed up in the guise of disinterested research. Of course, the policy may not be economically driven at all; the pseudo-economics may be doing nothing more than providing a veneer of legitimacy. But if that isn't the case; if the motivation really is to raise revenue, the policy will be an abject failure. The major private schools are safe, however the smaller institutions are already beginning to drop like flies. https://lnkd.in/eAwJXHaU

Today you might read in The Times that Kate Taylor and I wrote to HM Treasury to request an extension to their consultation period so that it follows published Government consulting principles. A major change in legislation, that means we become a country that taxes education, must have a full impact assessment conducted with all stakeholders engaged. The state sector needs this. This is why we set up the Chairs, Heads, and Bursars (CHB) group. We can help the Government understand the impact instead of rushing a consultation and implementing a major change to taxation law, mid academic year, which will not help children, particularly those in state schools. Teachers, school leaders, educational specialists and those working in the education sector can join the group in the comments below to keep up to date with what we’re doing and help us advise on the impact of education policies like this. For now my thanks to far too many people, but especially the following for their help, advice, and support over the last few days: Kate Taylor Seb Sales Areti Bizior Christine Cunniffe Michelle Catterson Jeremy Wyld Guy Ayling Silas Edmonds Tom Rogerson Nicholas Pietrek Christoph Lees Tony Perry Alicia C. https://lnkd.in/er8KiAD5 #education #independentschools #government #policy #taxation