Treasury written question – answered at on 3 July 2019.
Alex Sobel
Labour/Co-operative, Leeds North West
To ask the Chancellor of the exchequer, what estimate he has made of the money retained by private schools as a result of the VAT exemption on private school fees in 2017-18.
Jesse Norman
Financial Secretary to the Treasury and Paymaster General, The Financial Secretary to the Treasury
Although no VAT is charged on private school fees, private schools cannot recover VAT on their related costs. There is therefore no money retained as a direct result of the VAT exemption on private school fees.
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
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