PJ Hayman calls for IPT standardisation
PJ Hayman, specialist travel insurance and Schemes provider, has called on the new Government to reassess the level at which Insurance Premium Tax (IPT) is charged on travel insurance.
Peter Hayman, director of PJ Hayman, said: “With the new coalition Government currently reviewing spending and revenue, many forecasters believe that the 5% tax rate on general insurance will be at least doubled in the emergency budget due on 22 June. We call for the Government to properly consider the impact of any significant increases on the price of insurance policies and advise against any rises that will cause people to risk neglecting their levels of cover.
“With budgets currently tightly
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