Health Insurance (Exemption from Insurance Premium Tax) Bill

Key Points

• Exempts health insurance premiums from Insurance Premium Tax (IPT).
• Applies to private health insurance policies and related products.
• Could reduce government revenue from IPT unless offset elsewhere.
• Introduced in the House of Commons by Sir Christopher Chope (Conservative); currently at the 2nd reading.
• If passed, the Bill would proceed to further stages for detailed consideration.

Progress

The Bill completed its 1st reading in the Commons on 21 October 2024 and is now at the 2nd reading. If it passes this stage, it would move on to the committee stage and later the Lords for consideration.