Insurance Premium Tax Increase
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: