AMII calls for levelling of PMI taxation playing field

AMII made the call ahead of this week's budget, saying it could alleviate cost pressures on the National Health Service. The previous Labour administration introduced the Employers National Insurance charge on employer-paid private medical insurance. This charge is due to increase to 13.8% from April and comes on top of a 1% increase in Insurance Premium Tax to 6% effective from January 2011. Employees are taxed on this benefit, as a P11D benefit-in-kind, at their marginal rate of tax. AMII noted these tax charges are not applied to other group risk health insurance benefits - such...