Insurance Premium Tax (IPT) to increase to 10%.
In this year’s March Budget, the Chancellor of the Exchequer announced there will be a 0.5% increase to the standard rate of insurance premium tax from 9.5% to 10% to help support flood defences. There will be a concessionary period that will begin on 1 October 2016 and end on 31 January 2017. During … Read more
