Posts Tagged: Insurance Premium Tax

IPT (Insurance Premium Tax) Increase – 1 June 2017

Posted by & filed under Business News.

On 1st June 2017, the IPT, a tax on general insurance premiums, will increase from 10 to 12 percent, meaning the tax has doubled in just 18 months. This increase will affect 27 million households, 17 million drivers and most businesses, potentially increasing their insurance premiums, according to the British Insurance Brokers’ Association (BIBA). When […]