Insurance Premium Tax receipts in April hit GBP615 million
OAC comment as Insurance Premium Tax receipts in April hit GBP615 million
Source: actuarialpost.co.uk
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Taxman cashes in on private health insurance surge as NHS crumbles
The taxman is on track to net record sums from tax paid on insurance policies this year as crumbling NHS services drive patients to private healthcare.
Source: yahoo.com
Government profits from surging insurance costs as tax on policies soars
As insurance premiums surged to record levels over the last year, insurance premium tax collected by the revenue jumped by double-digits
United Kingdom Jeremy Hunt Cara Spinks Association Of British Insurers Maria Ward Brennan British Insurers
Source: cityam.com
Treasury haul from Insurance Premium Tax up 11%
UK PLC looks set to register yet another record annual Insurance Premium Tax haul as actuarial consultancy OAC reveals receipts for first eight months of 2023
United Kingdom Cara Spinks Association Of British Insurers British Insurance Broker Association Insurance Premium Tax British Insurers
Source: postonline.co.uk
Insurance and pension fund ownership of UK shares drops to record low
The proportion of UK quoted shares held by pension and insurance funds dropped to the lowest on record in 2022, latest data from the Office for National Statistics reveals.
United Kingdom Cara Spinks Office For National Statistics Mansion House Reforms Office For National Statistics Sara Spinks
Source: professionalpensions.com
Treasury collects £7.3bn in Insurance Premium Tax receipts
Insurance Premium Tax (IPT) receipts reached a “record” £7.34bn for the 2022/23 financial year, an increase of 11% from the £6.63bn in 2021/22.
Source: professionaladviser.com