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Parents haggle with private schools over fees as VAT pushes up costs
Parents are currently negotiating fees with private schools as VAT increases overall costs. Financial advisers report that families are now band together to negotiate a group discount for their children due to the 20% tax rate.
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Adjacent reporting
- Parents have shouldered VAT on school fees with a groan
- UK VAT on private schools triggers record decline in Hong Kong students
- More parents spreading out spending, turning to discount stores for back to school shopping
- Private schools in England lose 20,000 pupils in first full year of VAT on fees
- Parents are stretching back-to-school budgets amid growing economic concerns