Insurance Premium Tax Change Effective October 1st

The rate of Insurance Premium Tax (IPT) will increase to 10% from 9.5% with effect from October 1st, 2016. All renewal premiums and additional premiums following mid-term alterations from that date onwards will attract IPT at the new rate.

If you have any queries please do not hesitate to contact us. You can call us on our main switchboard on 01223 324233, or alternatively contact your dedicated Account Executive directly.

#IPT #tax #insurance #premium #renewal

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