Eton 'to impose Labour's 20 per cent VAT rise in January's fees' with costs of attending 584-year-old school set to rise to £63,000 per year
6 months, 4 weeks ago

Eton 'to impose Labour's 20 per cent VAT rise in January's fees' with costs of attending 584-year-old school set to rise to £63,000 per year

Daily Mail  

Eton College will add the full 20 per cent VAT cost on to school fees when Labour’s policy is introduced, it has announced. We recognise the concern that will be felt by many parents following this announcement.’ Eton College will charge the full 20 per cent VAT on its school fees from January after Labour's policy is introduced Chancellor Rachel Reeves announced last month that VAT will be charged on private school fees from January 1, with the relief private schools receive on business rates also scrapped from April. ‘Please be assured that we will continue to focus on the costs of the school moving forward, although we will not compromise on the quality of the education provided to your sons.’ Eton's outgoing provost, Lord Waldegrave, has said that the school is not currently running on an operating surplus Eton said that boys who receive 100 per cent bursaries will not be affected by the change and those on partial bursaries will see this increased to cover the cost of VAT. The Girls’ Day School Trust, which represents 23 private schools, said it would absorb the remaining 8 per cent and has given parents extra time to withdraw children ahead of the price rise.

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