Month: January 2025
The introduction of VAT on private school fees
In the Autumn Budget, Chancellor Rachel Reeves confirmed the government’s plans to end tax breaks on private schools; as of 1 January 2025, the standard 20% VAT rate is applicable on private school fees. This much anticipated reform has sparked concern among parents that they may have to pull the....
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Upcoming Stamp Duty changes in the UK – what buyers need to know
In the Autumn Budget 2024, Chancellor Rachel Reeves announced that Stamp Duty thresholds will revert to previous levels, so buyers will be liable to pay more tax on their house purchases from April 2025. These upcoming changes will have considerable implications, particularly for first-time buyers ....
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