Are private colleges subject to VAT on fee income? VAT expert Jonathan Main analyses the impact of the recent Court of Appeal judgement in SAE Education Ltd v HMRC (2017 EWCA Civ 1116)
A report released today by the powerful Public Accounts Committee (PAC) strongly criticises the government for disregarding warnings about the dangers of vast sums of public money being given to for-profit higher education colleges.
There is no doubt that, as with most changes, the £9,000 fee system introduced in England in 2012-13 created winners and losers. We know that applications are back up for full-time undergraduates – and we know this includes students from non-traditional backgrounds, which is great. But that is not the whole story. On the day the Public Accounts Committee confirm the rising costs of writing off loans, Libby Hackett looks at the winners and losers in the current system, and calls for a fundamental rethink.
Yesterday saw BPP University College announced their 2012 fees are set at £5,000. This could be a game changer. It is the first announcement from the David Willetts-endorsed ‘new wave’ of private providers, putting BPP under a considerable amount of scrutiny.