VAT Advisory Services for Private School Fees

Expert Chartered Accountants and Tax Advisers for your VAT Needs

From 30 October 2024, private school and boarding fees for terms starting after 1 January 2025 will incur 20% VAT. Sterling Wells’ Chartered Tax Advisers offer expert guidance to ensure compliance with this change, helping schools navigate the process and minimise financial impact.

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How We Can Help?

VAT Registration Assistance

We will support your private school with the VAT registration process and help you ensure full regulatory compliance.

Tax Planning and Strategy

Our specialists will assist your institution in developing tax-efficient strategies to mitigate the impact on your operations.

Financial Advice

We assess your situation and provide you with tailored financial advice so that you can accommodate the additional VAT charges while remaining competitive.

VAT Compliance and Filing

Sterling Wells will manage all aspects of VAT compliance, from issuing invoices to submitting VAT returns, allowing you to focus on providing high-quality education.

Why Choose Sterling Wells?

Experienced Professionals

With years of expertise, we are trusted by hundreds of UK businesses to provide top-quality tax and accounting services.

Tailored Solutions

We deliver bespoke advice that caters to your institution’s specific financial needs.

Hassle-Free Services

Our clients appreciate our efficient, no-bureaucracy approach, making the entire process straightforward.

What Our Customers Have to Say About Us!

“We value client opinions, tailoring services to meet unique needs, and address challenges for optimal solutions.”

Sterling Wells made the VAT process smooth and stress-free for us. Their expertise helped us navigate this significant change effortlessly.

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We’ve worked with Sterling Wells for years, and their advice is always spot-on. They are a trusted partner for all our tax needs

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Sterling Wells’ team is incredibly supportive and guides us through every step. We can feel confident in our VAT compliance thanks to their expert advice.

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Their tailored approach helped us in VAT compliance without overwhelming our team.

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Trusted By Over A Hundred of Companies

Hundreds of UK companies trust us for Accounting and Tax needs. Experience it for yourself.

★★★★★

5.0 Rating | 25 Reviews

★★★★★

5.0 Rating | 32 Reviews

Frequently Asked Questions

Value Added Tax (VAT) is a tax paid by individuals on the purchase of most of the goods of services in the UK. The VAT rate could be 0%, 5% or 20%, depending on the nature of supplies. Currently, private schools do not charge any VAT on their school fees. However, under the new policy, they will be required to do so, starting from 1 January 2025. The 20% VAT is charged on boarding fees, and any additional extracurricular activities by private schools after school hours or during holidays, such as art lessons, sports lessons, etc.

While the application of VAT on private schools does not necessarily mean higher fees, some schools may choose to raise them. However, even if fees remain the same, adding 20% VAT to the current fees will result in a 20% increase for parents. The average school fees in the UK are about £15,000 (without VAT). Including the VAT at 20%, parents will have to pay £15,000 plus £3,000 in VAT, totalling £18,000.

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Expert Chartered Accountants and Tax Advisers for your VAT Needs