Health Insurance: Taxation
(asked on 26th January 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the revenue that will accrue to the Exchequer from the insurance premium tax on health cash plans; and if he will make a statement.
This question was answered on 3rd February 2016
In 2014-15, total Insurance Premium Tax receipts were approximately £3bn. HM Revenue and Customs estimates that £10.9 million in revenue was received from Insurance Premium Tax on health cash plans in 2014-15.