The British Insurance Brokers’ Association (Biba) has welcomed Chancellor of the Exchequer Philip Hammond’s decision to keep the insurance premium tax (IPT) at 12% in the Autumn Budget.
This is the second year in a row that the tax has been frozen at the same level. But the insurance industry has previously seen it double in just two years after it rose in several consecutive Budgets.
Biba chief executive officer Steve White said: “We welcome Philip Hammond’s decision not to change the current
The Insurance Age team examine the most read stories for the week commencing 3 June 2019.Subscribe to our daily newsletter for all the latest news
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