Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an estimate of the revenue that would be raised from removing the VAT-exempt status of private schools.
Many supplies of education, including those provided by eligible independent schools, are exempt from VAT. This means that no VAT is charged to the final consumer, and that the schools cannot recover VAT they incur on their costs.
The Government keeps all taxes under review, and any future changes to the UK tax system will be costed in the usual way.