I believe that this topic has been discussed on many occasions. If however, it was a feasable option you would find every pilot claiming back their VAT.
On the other hand, if Oxford has/is becomming a non profit organisation, you should find their price going down for their JAR CPL/IR courses then (yeah right). On a 40K course you're looking at being around 6K better off. Or will OATS prices increase to match 'unforseen' administraion costs??
Homer
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Duff, Duff, that Wonderful stuff. Ummmmm Doughnuts