'Nice-to-haves' in independent education - 'the new swimming pool, the new AstroTurf pitch' - to be sacrificed as fees are taxed
'Nice-to-haves' in independent education - 'the new swimming pool, the new AstroTurf pitch' - to be sacrificed as fees are taxedNow more details are emerging about other cuts that the private education sector is being forced to make because of the tax.that schools were considering having to put swimming pool developments and refurbishments on hold, due to the VAT policy.
He said schools were considering cutting back on ancillary staff, merging back offices to improve efficiency and bringing in more money by increasing student capacity.– seen as a consumer bible for parents able to pay for their children’s education – said there were other ways independent schools were saving money, aside from delaying big ticket projects.
“Running an independent school is an incredibly expensive endeavour. They can’t not have the heating on, they can’t not have hot water and they can’t not open the pool or heat the sports hall.‘Little fat to cut’: How one school is making savings Cost savings had also been made after the school completed a “renegotiation of its utilities, retendered the catering contract and recently reached an agreement with teachers regarding the employer’s contribution rate to the Teacher’s Pension Scheme”.The school will also look at recovering VAT from capital projects and splitting off services such as sports and catering that are likely to be exempt from VAT in the legislation.
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