News article : August 6, 2015

Insurance Premium Tax Increase

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Budget 2015 – Insurance Premium Tax Increase

Published by H&P AdminThe Chancellor of the Exchequer has announced an increase in insurance premium tax (IPT), to take effect from 1st November 2015.
IPT will be increased from the current 6% to a new rate of 9.5% on policies renewing on or after this date.
For further information please click the attached government website link:
https://www.gov.uk/government/publications/insurance-premium-tax-increase-to-standard-rate/insurance-premium-tax-increase-to-standard-rate

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