Lloyd's welcomes the removal of tax barriers
Lloyd's has welcomed the announcement in this year's budget of legislation to remove the final tax b...
Lloyd's has welcomed the announcement in this year's budget of legislation to remove the final tax barriers to individual members converting to limited liability underwriting. Lord Levene, chairman of Lloyd's, said: "We have worked closely with the government to develop this legislation and we are pleased that it is now taking steps to introduce it." The Association of British Insurers welcomed the government's intention to keep insurance premium tax at its existing rate, but called for a
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