Labor planning £ 1.6bn tax raid on private schools, leaked document reveals – Telegraph.co.uk, Google News

Jeremy Corbyn is planning a £ 1.6 billion tax raid on private schools if Labor seizes power, The Telegraph can disclose.

A leaked shadow treasury document seen by this newspaper has revealed that Labor is discussing scrapping discounted business rates for independent schools and plans to impose VAT on fees.

Under a section entitled “estimating the yield from imposing VAT on private schools fees”, the document concludes that the policy will bring in an additional £ 1. 64 bn in tax revenue annually.

The document goes on to raise the prospect of ending the business rate exemption for private schools, noting that if this “became policy it would clearly have a positive fiscal impact”.

Applying VAT …