News

'Record breaking’ amount of IPT collected as premiums rise

By 2024-04-23T09:58:00

tax

’Reducing or removing IPT would be a step in the right direction,’ says head of insurance consulting

The government collected a “record breaking” amount of insurance premium tax (IPT) during the 2023/24 financial year, a new analysis of HMRC tax receipts data by actuarial consultancy OAC has revealed.

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