News and Views

Insurance Premium Tax Increase

     -     Jun 1st, 2017   -     Uncategorised   -     0 Comments

As you may have already heard from the Governments autumn statement last year, the Chancellor has has taken the decision to increase the rate of Insurance Premium Tax (IPT) which comes into effect today.

From the 1st June 2017 the standard rate of Insurance Premium Tax (IPT) has increased from 10% to 12%.

This affects new policies and renewals taken out from today or adjustments to existing policies which generates additional premium.

 


Your Comment

Your email address will not be published.




Latest Tweets

Woohoo, it's officially March! One thing you should have on your to-do list, besides optimistically stocking up on… 5 months ago

in Norwich certainly know how to do more than just put on an amazing gig...🍕  Pictured is a class… 6 months ago