Tag Archives: insurance premium tax

IPT increase
March 13, 2017

Insurance Premium Tax will increase by 2% in June 2017


As reported in the Autumn Statement 2016, the IPT, a tax on general insurance premiums, will increase from 10 to 12% in June 2017. This increase means the IPT has doubled in fewer than two years, as it was 6% in October 2015. When this latest increase was announced, the Association of British Insurers called…

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