Insurance Premium Tax (IPT)

Insurance Premium Tax (IPT)

Author
George McGuire
Posted
13 / 10 / 2016
Tagged
Insurance

As from the 1 October 2016, Insurance Premium Tax (IPT) which is levied by the UK Government on various types of insurance policies has increased by 0.5% to 10%. The new rate will apply to all policies renewing on or after this date.