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Categories Fee Billing
Created by Guest
Created on Oct 24, 2024

Allow fee discounts to be applied to the net fee once VAT at 20% is applicable

With the introduction of VAT at 20% on tuition and boarding fees from Jan 2025 this will change how we apply fee discounts such as bursaries, scholarships, sibling discount, staff discount etc. We understand from the Government's draft legislation and guidance from ISBA that these fee discounts are classed as V99 (outside the scope of VAT) and can be applied to the net fee before 20% VAT is added. It seems that this is currently not possible on the fee billing module, it will only apply a discount to the gross fee amount. This is something we really need in order to invoice from January onwards and would assume other School's would find useful as well.

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    Steven Israel
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    Oct 31, 2024

    This can be achieved by adding the discount as a child charge.

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