Budget 2010: IPT broker burden reduced
Biba and the IIB have both expressed satisfaction following the publication in today's Budget of the final legislation extending the scope of Insurance Premium Tax (IPT).
In a joint statement, the two trade bodies said they had achieved a significant reduction in scope, compared to the original text in the Pre-Budget Report, following a successful joint lobbying campaign.
Steve White, British Insurance Brokers' Association (Biba) head of compliance and training, said: “We are pleased that HMRC has reconsidered the effects of its draft legislation and, that following the joint efforts of Biba and the IIB, has largely accepted our suggested amendments. This is the
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