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Giggleswick School stands by its decision to absorb VAT following the Chancellor鈥檚 announcement

One of the UK鈥檚 oldest boarding schools has confirmed it will stand by its commitment to current and future families to absorb the cost of VAT.

This follows on from the announcement from the Chancellor to add VAT to independent school fees from 1 January 2025.

Giggleswick School, in Settle, North Yorkshire, is the only school who has maintained their promise, vowing to only increase fees in line with inflation.

The potential savings for parents are substantial. The Schools’ current fees for a full boarder are £40,485 a year. If the school were to add VAT to parents, the cost would be £48,582.

The decision aims to provide reassurance and certainty to its community of parents and pupils amidst evolving political and economic conditions.

Giggleswick School's Headmaster, Sam Hart, explained, “By committing to absorb the impact of VAT on fees, Giggleswick School is making a proactive decision to continue to deliver the widest possible access to those who wish to pursue this form of education. While I understand that not all schools will be in the position to absorb VAT, my focus remains on ensuring Giggleswick School continues to thrive."

Most importantly, this decision has been implemented without compromising on the quality of education with a focus on delivering exceptional outcomes for all pupils.

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