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Zero Rate VAT on Medicines

Submitted on Thursday 11th August 2011

Published on Monday 22nd August 2011

Current status: Closed

Closed: Wednesday 22nd August 2012

Signatures: 22

Tagged with

NHS

Petition Action

Zero Rate VAT on Medicines

Additional Information

The Treasury should Zero Rate VAT on all medicines.

Currently all medicines purchased over the counter are subject to 20% VAT. FP-10 Prescriptions are exempt from VAT, as are private prescriptions. However NHS hospitals also have to pay VAT on all their medicines.

Zero Rating would:
- Reduce the cost of self medication, encouraging patients not to use their GP when it is not necessary.
- Reduce administrative burden for community pharmacies (and the Treasury) who have to reclaim VAT.
- Reduce drug costs to NHS Hospitals by 20%, allowing NHS hospitals to compete with independant providers who do not have to pay VAT.


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