King William’s College announces phased fee increases from 2025

School fees to rise over a four year period following VAT changes

King William’s College and The Buchan School have announced a phased adjustment to school fees from September following their decision to absorb the VAT costs for the current academic year.

The schools confirmed that fees for the 2024-25 academic year remain unchanged with the college covering the VAT impact to allow families time to prepare.

From 2025 fees will rise gradually over four years with increases remaining below 10 percent taking into account both inflation and VAT costs.

The changes follow a decision by the UK’s Labour government to remove independent education from the list of VAT-exempt organisations.

Due to a VAT sharing agreement with the UK the Isle of Man is required to implement the same tax changes.

According to the school this approach is designed to provide financial stability for families while ensuring the long-term sustainability of the schools.

Principal Damian Henderson said: "We understand that school fees are a significant consideration for families, and we are committed to keeping increases as manageable as possible, while continuing to invest in our students' education and experiences.

"By taking a phased approach we can support our families while maintaining the excellence that defines King William’s College and The Buchan School."