Asked by: Gideon Amos (Liberal Democrat - Taunton and Wellington)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much revenue has been generated from the removal of tax exemptions for private schools; and what proportion of that revenue has been allocated to state education.
Answered by James Murray - Exchequer Secretary (HM Treasury)
As set out at the Budget, the removal of the VAT tax break from private schools is expected to raise £460 million in 2024/25 and £1.7 billion a year by 2029/30.
At the Budget the Government also announced a £2.3 billion increase to the core schools budget in 2025/26 in England, increasing per pupil funding in real terms.