Greene’s College Oxford to Cover VAT on Retakes
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2 months ago
Oxford institution absorbs VAT costs to support students amid new tax policy on private education
Greene’s College Oxford has announced that it will cover the Value Added Tax (VAT) on A level retake programmes for the upcoming 2024-25 academic year. This initiative comes in response to the U.K. government’s decision to impose VAT on private education, a new policy expected to take effect later this academic year. The policy has been met with concern from parents and educators, who fear the additional financial burden it will place on families.
In response, Greene’s College Oxford, known for its bespoke tuition and examination preparation services, has chosen to absorb the VAT costs for students retaking one or more of their A level subjects. The decision aims to ease the financial strain on families and ensure that students’ education remains uninterrupted by the new tax policy. It also recognises the practical difficulty of finding alternative A level retake options that many families face.
Christopher Upton, Executive Chairman of Greene’s, emphasised the institution’s commitment to student welfare, stating, ‘Our priority has always been the success and wellbeing of our students. By covering the VAT on retake programmes, we hope to ensure that financial barriers do not impede the options for students’ who need to retake their A levels. This measure reflects our commitment to providing accessible, high-quality education, especially during challenging times.’
The College’s proactive approach has been widely praised by parents and educational advocates, who see it as a crucial step in supporting students’ academic progress. The new VAT tax policy presents significant challenges for private educational institutions, but Greene’s College Oxford’s initiative underscores its dedication to maintaining education as accessible as possible.
Greene’s has been long recognised for its inclusive admissions policy and exceptional academic results. In 2023, 78% of grades received by Greene’s students were A* to B grades, significantly outperforming the national average. The college also boasts a strong track record of guiding students to prestigious universities.
As the education sector adjusts to new fiscal realities, Greene’s College Oxford stands out for its unwavering commitment to student success and opportunity, ensuring that all students have the resources and support they need to thrive academically.