Insurance Post
Only changing Value Added Tax was lower on the list of options.
The survey of 1044 adults across the UK ranked income tax for high earners and corporation tax as the two most favoured routes if Rishi
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Insurance Post Print this page
In November the Office for Budget Responsibility forecast that with government expenditure increasing and tax receipts falling the deficit for this financial year will be £394bn, the highest level as
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With the Budget looming, PKF Littlejohn’s tax lead, Chris Riley, gives Insurance Age readers a first look at his predictions and considers the tax threats to
IPT-threat level raised Print this page
The British Insurance Brokers’ Association (Biba) has once again called for a freeze to the unpopular insurance premium tax (IPT) which affects all policyholders.
Currently, the rate is 12% and it was last increased in 2017 causing outcry in the insurance space after an initial increase to 9.5% in Summer 2015 then another rise to 10% in 2016.
In the April 2020 ‘coronavirus Budget’ the sector escaped further increases but with the economy in trouble due to the twin disasters of Brexit and Covid
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