UK #EdTech sector grew by 72% in 2020 – with further growth forecast this year amid Spring Term school closures
Lockdown measures and mandatory school closures in 2020 led to an explosive 71.5% growth of the UK’s education technology sector (edtech) – in spite an -11% contraction in GDP (as of November 2020).
@ColchesterInst has won a seven-year dispute with @HMRCgovuk, in a decision of the Upper Tribunal (Tax and Chancery Chamber) on 22nd December 2020. The case centred on whether HMRC’s interpretation and application of the Lennartz accounting method was correct, specifically on what was deemed “non-business” activity and whether output value added tax (VAT) was accountable. The Upper Tribunal’s verdict was clear: no activity was “private” or “non-business” use and, as such, no output tax was accountable.
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