Government’s 2015 IPT discussions revealed
Exclusive coverage of the Treasury’s talks with the Association of British Insurers.
With speculation mounting about a further increase in Insurance Premium Tax (IPT) Insurance Age can reveal the details of the discussions between the Association of British Insurers (ABI) and the Treasury about last year's rate increase.
The chancellor's 2015 Budget on 8 July saw the tax increased to 9.5% from November in a move that shocked the sector.
A Freedom of Information (FOI) request by Insurance Age can lift the lid on the discussions that followed.
Documents released show that the ABI
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