Average COE church to save £30-60 in 2011
Ecclesiastical will absorb the 2011 VAT increase for insuring any church buildings used for worship.
The average Church of England church will save £30-60 in 2011 as a result of the decision, which will take effect from 4 January.
Ecclesiastical’s direct insurance director John Coates said: “At Ecclesiastical we’re very conscious of the difficult financial position many parishes find themselves in today. Rising insurance costs triggered by the VAT increase would just add to the pressure. While we can’t make guarantees for the longer term, for 2011 Ecclesiastical can absorb that cost and not pass it on to individual churches."
Churches that have chosen to remove VAT from their insurance calculations will also have the VAT increase absorbed.
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