Chancellor Rachel Reeves announces VAT on private schools

Transcript

00:00Finally, 94% of children in the UK attend state schools. To provide the highest quality

00:09of support and teaching that they deserve, we will introduce VAT on private school fees

00:15from January 2025, and we will shortly introduce legislation to remove their business rates

00:21relief from April 2025 too. We said in our manifesto that these changes, alongside our

00:29measures to tackle tax avoidance, would bring in £8.5 billion in the final year of the

00:35forecast. I can confirm today that they will in fact raise over £9 billion to support

00:45our public services and restore our public finances. That is a promise made and a promise

00:52fulfilled.