Bid to avert rise in insurance tax

By Robin Stride

The independent healthcare sector is being urged to intensify its fight to protect insurance premium tax on private medical insurance from a further increase.

Private consultants, hospitals and insurers breathed a sigh of relief at the end of Chancellor Philip Hammond’s Autumn Budget speech as health cover escaped from suffering yet another tax rise.

But many still fear that private medical insurance could be in for another hit in future with an increase from the current 12% to match the VAT rate of 20%.

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