Insurance Premium Tax (IPT) Increases

Insurance Premium Tax (IPT) Increases

Author
George McGuire
Posted
5 / 06 / 2017
Tagged
Insurance

As from the 1 June 2017 the standard rate of Insurance Premium Tax (IPT) will increase from 10% to 12%. All policies renewing on or after this date will incur the additional 2% charge.  

IPT is set by the UK Government and may be subject to change.