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Insurance Premium Tax increased from 1st June 2017

IPT increase,

In the Autumn 2016 Budget the UK Government elected to raise the lower rate of insurance premium tax for policies issued or renewed from 1st June 2017 to 12%. Since 2015 insurance premium tax has doubled and has contributed to a rise

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Further Increase to Insurance Premium Tax – 1st October 2016

Insurance Premium Tax, IPT, tax rise

Following the increase in Insurance Premium Tax in 2015 from 6% to 9.5% there will be a further increase to general insurance policies with effect from 1st October 2016. As of this date insurers will pass on the increase of

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