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UK Private Hospitals 'Benefit From Tax Windfall'

by Amanda Banks, Tax-News.com, London

22 August 2017


The UK Government is facing calls to address imbalances in the business rates system that mean National Health Service (NHS) Trusts are taxed more than many private hospitals.

According to figures from property rates specialist CVS, private hospitals are set to receive business rates discounts of GBP52m (USD67m) over the coming five years, as around one quarter receive tax breaks as charities. NHS Trusts will have their rates increased by GBP300m in the same period and do not benefit from charity status.

Private hospitals that obtain charity status can qualify for an 80 percent reduction in the tax.

A re-evaluation of business rates in April has further exaggerated the disparity, leading to a 19 percent increase in rates for NHS hospitals to GBP366m a year, the report found.

TAGS: tax | business | law | United Kingdom | Health tax | legislation | charities

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