1-3 of 3 results for subject:VAT
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To ask Her Majesty’s Government how much was paid in 2013–14 to compensate the National Health Service for irrecoverable VAT.
To ask Her Majesty’s Government how much was paid in 2013–14 to compensate the National Health Service for irrecoverable VAT.
It is not possible to isolate the tax component from the overall funding for healthcare. However, VAT refunded to the NHS Trusts and Health Authorities by virtue of section 41(3) of the Value Added Tax Act 1994 is estimated at £1.9 billion in 2013/14. The figure was similar in 2010.
To ask Her Majesty’s Government what arrangements are in place to compensate the National Health Service for irrecoverable VAT.
To ask Her Majesty’s Government what arrangements are in place to compensate the National Health Service for irrecoverable VAT.
NHS bodies are compensated for irrecoverable VAT in two ways. Firstly as a part of the upfront public funding for healthcare, and secondly through a special scheme in section 41(3) of the Value Added Tax Act 1994 that refunds VAT on certain contracted out services.
To ask Her Majesty’s Government why private healthcare companies can claim tax relief on drug purchases but equivalents in the National Health Service cannot.
To ask Her Majesty’s Government why private healthcare companies can claim tax relief on drug purchases but equivalents in the National Health Service cannot.
The supply of drugs is subject to Value-Added Tax (VAT) at the standard rate (20 per cent); however, no VAT is charged on drugs that are supplied on prescription and dispensed by a pharmacist.
Healthcare businesses, like high street pharmacies, supply drugs at the VAT zero rate where the pharmacist dispenses drugs on prescription direct to a patient. This includes NHS prescriptions and where drugs are delivered to patients’ homes. Any VAT incurred on the drugs would be recoverable by the pharmacy or the healthcare business.