One of the largest private school operators in the UK has recently reported significant financial challenges following the introduction of a new VAT regime. Cognita, which operates various schools including
VAT
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The UK Treasury has implemented significant tax reforms targeting ride-hailing platforms Uber and Bolt, closing a VAT loophole that is expected to generate approximately £700 million annually for the exchequer.
British government officials are actively preparing contingency plans for an anticipated surge in state school demand, as private educational institutions face potential bankruptcy due to imminent VAT changes. The implementation
