Independent Schools Association CEO highlights VAT challenges on BBC Money Box

On 4 January Rudolf Eliott Lockhart, CEO of the Independent Schools Association, appeared as a guest on Money Box on BBC Radio 4. During the conversation, he offered valuable insights on the impact of the addition of VAT to school fees.

From BBC: From New Year's Day the fees private schools charge parents will be subject to VAT at 20%. Previously private school fees were exempt. The Independent Schools’ Bursars Association has told Money Box that schools are raising fees from this term by between 13% and 18%, though some are absorbing the whole cost while others pass on the full amount raising fees by 20%. What impact will that have on schools and parents? The Treasury says pupil numbers at independent schools have remained steady since 2000, despite fees increasing by around 75% in real terms since then. We'll speak to Rudolf Eliott Lockhart - CEO of the Independent Schools Association.