Cut in VAT - effect on flight training?
With the news that Mr Darling has cut VAT by a whopping 2.5% in the UK, what do people think about the effect on flight training?
The upshot is around £1000 off a £40,000 modular course. Or £2,000 off an £80,000 integrated course.
IMHO, I have to say it's little more than loose change and hardly worth ammending the prices. Surely it just means an increase in FTO profits by 2.5%?
What do we think?
EK