AMII warns Government off IPT increase
Any rise in insurance premium tax (IPT) will severely hit an NHS already under pressure, according to the Association of Medical Insurance Intermediaries (AMII).
The association believes that while the Government may think raising IPT from its existing rate of 5% will help towards raising the extra £6bn for HM Treasury, the actual implications regarding medical insurance would be somewhat different.
“Raising the rate of IPT is a soft option for the Government but there is a real downside for Government if medical insurance is included,” said Andrew Tripp, chairman of AMII.
“It may make people give up on taking out their own private medical insurance
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