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British Insurance Brokers’ Association (Biba)

IPT receipts to hit record-high £9bn

Annual income from the Insurance Premium Tax in 2025/26 is set to break through last year’s record, coming just shy of £9bn, according to the Office for Budget Responsibility’s Autumn Budget projections.

Biba pitches industry wide fair value assessment templates

The British Insurance Brokers’ Association has targeted further regulatory rule simplification in its 2026 Manifesto, as it urged industry wide support of developing a fair value assessment template, and called on the government to deliver a new…

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