Source · Select Committees · Public Accounts Committee
Recommendation 12
12
The Sixth Form Colleges Association has estimated that the requirement to pay VAT means that...
Conclusion
The Sixth Form Colleges Association has estimated that the requirement to pay VAT means that the average sixth-form college diverts around 4% of its funding away from frontline provision.20 Based on funding data in colleges’ accounts for 2018/19, this would equate to an average of almost £0.5 million per college, or around £20 million per year across all the remaining sixth-form colleges.21
Government Response
A response document is linked to this report, dated 26 March 2021. Response attribution to this conclusion has not been verified. Read the response document ↗