VAT on education?

[Mrs Ten Names]

So far you posted an article that says 35 wealthy people won’t relocate to the Bahamas.

It was a poll taking an estimate of feelings between many in the top 1%.

Meanwhile 1/4 of a million of ex pats base themselves in Dubai etc for tax reasons.

Then show your findings.

 

[blup]

What's affordability about private education if its not a luxury ?

Education is available to those that can't or won't pay for private

Medical treatment isn’t a luxury either

 

[Mrs Ten Names]

240,000 in Dubai don’t agree with you.

If their income is earned in UK, they'll still pay UK tax on it.

 

[Mrs Ten Names]

Medical treatment isn’t a luxury either

Is there VAT on private health?

 

[blup]

Is there VAT on private health?

For hip replacement no, for lip replacement yes afaik

 

[JohnD]

Labour was in charge then as it is now

So you have no point.

 

[JohnD]

legally

The definition was composed in the days when education of the poor was often a charitable act, before state education was universally available.

 

[Mrs Ten Names]

For hip replacement no, for lip replacement yes afaik

So medical treatment for health reasons is not taxed, but medical intervention for beauty requirements are taxed.
That sounds about right.

There are some anomalies:
Sun screen cream has VAT added. It's classed as a cosmetic cream.

 

[Brigadier]

 

[motorbiking]

So medical treatment for health reasons is not taxed, but medical intervention for beauty requirements are taxed.
That sounds about right.

There are some anomalies:
Sun screen cream has VAT added. It's classed as a cosmetic cream.

I think IPT may be due on private healthcare.

 

[Mrs Ten Names]

I think IPT may be due on private healthcare.

IPT is paid on the premiums, not on the compensation paid due to the insurance.
So IPT is paid whether you receive anything back from the insurance or not.

How is IPT calculated?​

The Government sets IPT which is calculated as a percentage of your premium, meaning the higher your premium cost, the greater the tax.
For example:
If your annual premium is £300, with 12% IPT, it will be £336. Or at the higher rate of 20%, it will be £360.
If your annual premium is £600, with the 12% IPT, this will be £672. At 20%, it will be £720.

Your guide to the essentials of Insurance Premium Tax

What exactly is Insurance Premium Tax? Here’s a run-down of the key things you need to know and how it affects you.

www.aviva.co.uk

And Health insurance is exempt:

Are there any exemptions?​

Some types of insurance are exempt from IPT, for instance, life insurance, permanent health insurance, commercial aircraft and ship insurance, and risks located outside the UK. Visit HMRC for a comprehensive list.

And we're discussing VAT.

 

[motorbiking]

It was a poll taking an estimate of feelings between many a tiny sample in the top 1%.

Corrected for you.

 

[motorbiking]

IPT is paid on the premiums, not on the compensation paid due to the insurance.
So IPT is paid whether you receive anything back from the insurance or not.

Your guide to the essentials of Insurance Premium Tax

What exactly is Insurance Premium Tax? Here’s a run-down of the key things you need to know and how it affects you.

www.aviva.co.uk

And Health insurance is exempt:


And we're discussing VAT.

Is healthcare cover subject to Insurance Premium Tax (IPT)?

Yes it is. Healthcare cover is subject to IPT at the current rate

Homepage

When you offer private healthcare cover for employees as a benefit, it will have certain tax implications for you and your staff - find out how here.

www.axahealth.co.uk

 

[carmanmemoranda]

Medical treatment isn’t a luxury either

I'm not comparing other things. But all luxuries, not essentials should be taxed.

Why shouldn't they?

Nobody has to have private schooling. But if they want it and can afford it, pay vat on it.

It's not rocket science. Nobody is saying it shouldn't exist.

 

[blup]

So you have no point.

The point being labor fuc*ed up state education, and now have a chance to improve things but choose to penalise those who pay for private education instead, because it sells better.