Glasgow: 0141 248 5693 | info@hackingandpaterson.co.uk
Edinburgh: 0131 523 1575 | edinburgh@hackingandpaterson.co.uk
News
Home | News | Budget 2016 – Insurance Premium Tax Increase

Budget 2016 – Insurance Premium Tax Increase

Published on 31/08/2016

Following an insurance premium tax (IPT) increase in the 2015 budget from 6% to 9.5%, the chancellor of the exchequer announced a further increase in IPT to take effect from 1st October 2016.

The tax rate will be increased from the current 9.5% to 10% on all insurance policies renewing on or after this date. For further information, please click on the attached government website link:
Gov.uk

Latest News

The my H&P app

Latest News from Hacking & Paterson Management Services

Matters affecting the factoring of common property in Scotland are ever changing and the following provides our customers with the latest news that could affect their property.

Report calls for reassessment of tenement maintenance in Scotland

Report calls for reassessment of tenement maintenance in Scotland

Following on from our earlier news stories, the Working Group on Maintenance of Tenement Scheme Property's report is calling for…

find out more »

Managing the Impact of Coronavirus

Managing the Impact of Coronavirus

Three months have now passed since we implemented our COVID-19 contingency plans and measures, the extent of which affected our…

find out more »

Communal Charges

Communal Charges

As we reach the end of week 7 of lockdown, we hope all our customers are continuing to find ways…

find out more »
© 2020 Hacking & Paterson Management Services