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1588247
registered interest true more like this
date less than 2023-02-22more like thismore than 2023-02-22
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Health: Products remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he plans to (a) remove and (b) reduce VAT on essential healthcare products. more like this
tabling member constituency East Dunbartonshire remove filter
tabling member printed
Amy Callaghan more like this
uin 150637 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-02-27more like thismore than 2023-02-27
answer text <p>VAT rules do not distinguish between supplies on the basis of whether they might be considered essential. VAT is a broad-based tax on consumption, and the twenty per cent standard rate applies across a very broad range of goods and services. While there are exceptions to the standard rate, these are strictly limited by legal and fiscal considerations. One such exception is that medicines on the NHS prescription list are zero-rated for VAT when dispensed by a pharmacist.</p><p> </p><p>Removing or reducing VAT on a broad range of healthcare products would likely come at a significant cost to the Exchequer, and with no guarantee that it would reduce the cost to consumers of the products themselves. While all taxes are kept under review, the Government has no current plans to make changes here.</p> more like this
answering member constituency Louth and Horncastle more like this
answering member printed Victoria Atkins more like this
question first answered
less than 2023-02-27T15:51:42.36Zmore like thismore than 2023-02-27T15:51:42.36Z
answering member
4399
label Biography information for Victoria Atkins more like this
tabling member
4770
label Biography information for Amy Callaghan more like this