End of Term report - Autumn 2019

As we approach the end of 2019, there is significant uncertainty in the independent school sector, not least the impact of the upcoming general election and the targeting of the sector by political parties.

The much-publicised proposals include:

  1. introducing VAT on school fees;
  2. removal of charitable business rates relief for independent schools; and
  3. the potential removal of charitable status and corporation tax implications.

RSM’s tax specialists, Steve Hodgetts and Rachel de Souza comment on these proposals in more detail in this report.

Also in this report, employment tax specialist Susan Ball provides insight into the issues schools need to consider in relation to off-payroll workers including a recap on the upcoming changes to the IR35 regulations previously covered in the Summer 2019 End of Term Report.

Another emerging employment issue follows a recent court ruling on the calculation of holiday pay for casual and term time only workers. Charlie Barnes looks at the implications of the case for schools and what you need to do to assess your risk.

Finally, the report includes an introduction to RSM’s latest publication “Trust in the Boardroom”. With the level of uncertainty facing the sector it has never been more important to ensure that the governance environment in your school is fit for purpose. 

Download the report by filling in the form below