The Isle of Man Treasury has announced it will remove the VAT exemption for private school and boarding fees with effect from 1 January 2025. This follows a policy paper brief issued days earlier by HMRC on the removal of the VAT exemption in the UK from the same date.
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VAT: Removal of VAT exemption for private school and boarding fees
Thursday, 1 August 2024
The Treasury advises that the VAT exemption for private school fees and boarding school fees will be removed with effect fro…