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Home | News | Autumn Budget Statement 2016

Autumn Budget Statement 2016

Published on 10/04/2017

Insurance Premium Tax Increase

Following the previous insurance premium tax (IPT) increase from 9.5% to 10%, the chancellor of the exchequer announced a further increase in IPT to take effect from 1st June 2017.

The tax rate will be increased from the current 10% to 12% on all insurance policies renewing on or after this date.
For further information, please click on the attached government website link:
View on gov.uk

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