Insurance Premium Tax increases to 12% from 1 June 2017

The Government has increased the standard rate of Insurance Premium Tax (IPT) from the current rate of 10% to 12% with effect from the 1st June 2017. Any new personal or business insurance policy or any policy renewing from 1st June 2017 will be subject to the new 12% rate. The higher rate of IPT, which applies to personal travel insurance is unaffected. We will do our best to obtain the most competitive insurance products for you to help offset … click to continue…