UK's elite schools benefit from VAT

This is a news story, published by Guardian, that relates primarily to Eton College news.

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richest private schools

Guardian

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Eton among elite private schools set to cash in on windfall from new VAT rules

Summary

Nutrition label

85% Informative

Eton College and other elite private schools will be able to attain a net benefit from the change.

Those running smaller private schools say it will widen the gap between them and the richest.

The money would be paid back progressively over the next decade , with the timing and amounts dependent on when project was finished.

Our schools want to ensure they are fully compliant with the law but need clarity and support and a reasonable timescale from the tax authorities. The implementation window is just not long enough for all interested parties to get everything in place.”.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful