Institute demands VAT exemption on medical reports

Institute demands VAT exemption on medical reports

VAT exemption should apply by default, says ICAEW

While the British Medical Association has reminded all dispensing GPs in
England and Wales to register for VAT, the Institute of Chartered Accountants in
England and Wales (ICAEW) has called for medical reports and certificates of
fitness to be treated as VAT exempt when new rules come into force on 1 April.

The ICAEW said, in response to a government consultation paper, that VAT
exemption should apply by default to most medical services including
pre-employment medicals, doctorupdate.net reported.

Standard VAT rating should only apply to cases such as medicals for insurance
or in connection with personal injury or litigation, the institute added.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article