Biba warning for businesses on VAT reduction

In response to the government's recent Pre-Budget Report, the British Insurance Brokers' Association (Biba) has called on members to advise clients that now is not the time to cut back on insurance.

The organisation has warned that companies need to stay focused on the short-term nature of many of the government's planned provisions and, in particular, should not try to save on insurance costs by revaluing their business risks to reflect the 1 December reduction in Value Added Tax (VAT) from 17.5

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: