Increase to Insurance Premium Tax

As of 1st October 2016, Insurance Premium Tax will increase from 9.5% to 10%.

Any Insurances arranged prior to the 1st October 2016 will be subject to the existing rate of 9.5% until the policy falls due for renewal.

If you would like any further information regarding this change in legislation or the Insurance Act 2015, please feel free to contact us.

 

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