Further increase in Insurance Premium Tax

Next June will see a 2% rise in IPT from the current rate of 10% to 12%. The increase, which was revealed in the Chancellor’s Autumn Statement reflects the third IPT escalation since 2015. The previous rise was blasted by BIBA as it resulted in an overall IPT increase of 66% for policyholders in less than 16 months.

By | 2017-09-08T10:21:18+00:00 November 24th, 2016|Articles|0 Comments

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