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. --- 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 from 1 January 2025. The UK Chancellor announced on the 29 July 2024 that...