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Glasgow 0141 404 5416
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Insurance Premium Tax Increase Effective 1st October

30th September, 2016

On 16th March 2016, the government announced that the Insurance Premium Tax (IPT) will be subject to another increase. Yet, it will only increase by 0.5 per cent and all the revenue generated from it will fund national flood defences and resilience.

Insurance Premium Tax (IPT) is a tax on general insurance premiums, including home, travel and car insurance, and the increase will apply to insurance premiums starting on 1st October 2016.

To understand this tax increase and the potential repercussions, read our latest resource below:

News Brief – Insurance Premium Tax Increase Effective 1st October

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Tel: 01738 441555

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The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. GS Group is a trading name of George Stubbs Insurance Services Ltd. George Stubbs Insurance Services Ltd is authorised and regulated by the Financial Conduct Authority. FCA No 308729. Registered in Scotland SC177962. Registered address: South Inch Business Centre, Shore Road, Perth, PH2 8BW.