The Institute for Fiscal Studies reckons it'll result in a £1.3b-£1.5b net gain for Govt. finances.I don’t want the tories to stay in but bloody hell a credible alternative with sensible policies would be nice.
this isn’t a well thought through policy just a cheap vote winner where the only beneficiaries will be the elite private schools and the excessively wealthy.
How would you determine the exceptionally wealthy.Thats not really true though unless you are just looking at Eton, Harrow, Winchester, Westminster or Fettes where its a minimum of 30k+ per year.
There are lots of other public schools (fee paying independent schools) which are less well known that are around 15k per year. These are more than affordable as my nextdoor neighbour, a chartered accountant, who sends her 3 kids to a nearby independent school, would attest.
If the schools offer a significant number of scholarships which allow gifted kids via entrance exams, regardless of financial means, a place to get a high quality education then maybe charitable status is valid. What a significant number of scholarships is, well thats open to debate, but to me it wouldnt be unreasonable to say 15%.
Those however that are only open to the exceptionally wealthy should be taxed fully and stripped of charitable status.
Not quite sure how that relates to my post. My personal opinion is that as much as we dont like it, its very difficult for someone from a "normal" background to have the education and opportunities afforded by the connections made in public schools. Scholarships, the number of which should be significantly more that what they are currently, allow this to happen for the most able kids, regardless of wealth.the Nuffield Foundation research says that between 3 to 5% of kids would have to leave over affordability - thats 20-40k attendee's - there are over 32k state schools and colleges currently. So its likey they will be looking to accept a couple each.
And people like you Sir, with comments like that, are the reason why the Left struggle to be trusted to form a credible Government.If the policy works we'll no longer be collecting VAT on them anyway.
Bankrupt the lot of them.
If you remove charitable status then the drawbridge will be lifted and it will purely be a school for the wealthy with no social mobility.
I never said it was easy, but you could start by looking at the council tax band for their residence(s) and any residential properties held within businesses. Im not saying its the only or best method but its a starter for ten. The exceptional wealthy are unlikely to slum it.How would you determine the exceptionally wealthy.
Would the parents have to submit their tax returns to the school.
There is always a time lag on wealth from earning it a declaring it on a Tax Return.
Most people’s wealth is tied up in Capital items rather than income so asking everyone to list all assets they hold over say £2000, good luck with valuation.
It just wouldn’t work in the real world.
State schools are out of the scope of VAT so are not charged it.well thats fine - I am not against them per se but why do they avoid VAT when the state schools my kids went to don't? In what way are they charities?
Schools dont pay VAT, anything from their educational operations is VAT recoverable.well thats fine - I am not against them per se but why do they avoid VAT when the state schools my kids went to don't? In what way are they charities?
Is this GDMs burner account ? ;-)The standard of grammar, punctuation and spelling (so far) in this thread, convinces me that some aspects of modern education are in dire need of attention for sure.