HM Treasury written question – answered at on 13 March 2017.
To ask Mr Chancellor of the Exchequer, whether he has considered setting a special rate of insurance premium tax for charitable organisations.
Insurance Premium Tax (IPT) is a tax on the insurer, and there is no obligation to pass the increase on to the customer.
All tax policy is kept under review, however, it would be challenging to implement an exemption for insurance purchased by any specific group. Any such legislation would be very difficult for insurers to implement since this would require them to differentiate between customers who were buying the same type of insurance products.
Charities are a vital part of our society and the Government continues to support them and their donors, including through tax reliefs worth over £5 billion in 2015-16.
Yes1 person thinks so
No3 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.