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But if the school offers a prepay then they are offering to fix at that price.
Edit. Charging long term is a choice of the school. I'm simply arguing that if a school chooses to offer 1 term to 5 years payment up front that's a choice and they live with it. Any tax due will be paid at point of payment not down the line as the service has been paid for.
If you pay a builder to do work up front and the tax levels change before he does the work you don't pay extra.
Grumpy_Git-
But if the school offers a prepay then they are offering to fix at that price.
Schools aren't offering that. They reserve the right to increase their fees and then more top ups will be required.
Apparently, I don't send my kids to private school but that is what the tax website thing linked up thread says.
Do builders offer fixed prices on 5 year long projects?
jellybaby
No because they are only fixed for the year. It's likely that fees will go up by an unspecified amount in future years.