I have heard registering in Dublin or setting up as a trust and renting it back to the school could work?
but all far too risky
Lord Pannick ECHR seems the best route to tie up labour in the courts and make them look foolish im sure Farage will make alot of mileage out of this. Could VAT be charged whils the govt is taken to court? class action law suit from the ISBA?
The soonest this tax could come in is Septemeber the OBR and HMRC will not want this rushed in next day. more likely start of April new tax year
The other area is that Schools and Uni with ancient Royal Charters - these are quite hard to revoke.
Private school contribute £5mill ( this is about a third of the total state budget) to the local economies if 1/4 of these schools go bust, think about the loss of jobs and services not just the schools and children that will suffer! This will then be dumped on the State school and welfare services .. The Treasury lights will be flashing.. This is going to explode in the face of the corbynistas and the labour party big time
Aren't schools (like universities) exempt from income tax because they are educational charities? So when you give money to charity they claim Gift Aid and get the tax back on the value of your donation. Maybe the parents should 'donate' the money instead of 'paying' fees? Bet there's a way round it if you put some good tax lawyers on the case.
You can get Gift Aid on donations, but generally you can't use donations to pay for an rivalrous excludable service. So the school says "right, fees are £1k and we need £15k donations"; if everyone makes their donations it's terrific, but the school can't exclude somebody paying only the £1k. I think I have that right.
Keep writing, Mr Chips. I appreciate the hard work you've put in, both moonlighting on this blog and in your day job!
massive problem of unintended consequences of being locked in court for years
1/ ECHR Lord Pannick
2/ Royal Charter status of Schools & Universities . Kings Perogative Privy Council
I have heard registering in Dublin or setting up as a trust and renting it back to the school could work?
but all far too risky
Lord Pannick ECHR seems the best route to tie up labour in the courts and make them look foolish im sure Farage will make alot of mileage out of this. Could VAT be charged whils the govt is taken to court? class action law suit from the ISBA?
The soonest this tax could come in is Septemeber the OBR and HMRC will not want this rushed in next day. more likely start of April new tax year
The other area is that Schools and Uni with ancient Royal Charters - these are quite hard to revoke.
Private school contribute £5mill ( this is about a third of the total state budget) to the local economies if 1/4 of these schools go bust, think about the loss of jobs and services not just the schools and children that will suffer! This will then be dumped on the State school and welfare services .. The Treasury lights will be flashing.. This is going to explode in the face of the corbynistas and the labour party big time
Aren't schools (like universities) exempt from income tax because they are educational charities? So when you give money to charity they claim Gift Aid and get the tax back on the value of your donation. Maybe the parents should 'donate' the money instead of 'paying' fees? Bet there's a way round it if you put some good tax lawyers on the case.
You can get Gift Aid on donations, but generally you can't use donations to pay for an rivalrous excludable service. So the school says "right, fees are £1k and we need £15k donations"; if everyone makes their donations it's terrific, but the school can't exclude somebody paying only the £1k. I think I have that right.
Interesting....How about they become clubs with membership fees?!
VATable I'm afraid, and definitively so if the service provided to members is a VATable supply.