VAT on school fees update
Monkton recognises the financial challenges that families may face, particularly with the introduction of VAT to school fees. In order to share the burden and demonstrate our commitment to the wellbeing of our community, Monkton will be ensuring that the headline fee cost to parents will not rise more than 10%.
What the government is planning:
- From January 2025, we expect to have to add VAT at 20% to your bill for all fees for children in Reception and above;
- The government is also removing our relief on business rates from April 2025.
What Monkton is planning in response:
- From January 2025, we are committed to ensuring that the cost to parents of the headline fee currently presented on our website will not rise more than 10%;
- There may be a small part of our provision which remains exempt from VAT and we will clarify this once the legislation is confirmed;
- Whilst we are responding to rising costs, we are committed to the quality of our provision; some of which is optional, such as trips. Any changes we make to these extra provisions will be to deliver our aims more effectively and not be connected to VAT.
Uncertainties
- The exact date when the policy will be put into effect is uncertain.
- It is not yet determined if there will be exceptions for children with special educational needs (SEND) or for military families receiving the Continuity in Education Allowance.