Trusts key way to avoid IPT hike - Mercer

That move could see a typical 500 employee medical benefit scheme paying as much as £20,000 more in IPT per year, according to Mercer. And if the same increases are applied to a company of 10,000 employees the additional bill could reach £375,000. It is also predicted that VAT could rise at the same time to either 19% or 20%. Chris Bailey, senior consultant in Mercer's health and benefits business, understands that increases in taxation are required, but warns that any increase in IPT will directly escalate the cost of providing benefits. "Unlike VAT it is not possible to reclai...