Government urged to reconsider IPT ahead of Budget
The ABI and CII are calling for a cut to insurance premium tax, whereas Biba is requesting a freeze.
The British Insurance Brokers’ Association (Biba), Association of British Insurers (ABI), and Chartered Insurance Institute (CII) have all issued fresh calls for the government to reconsider its approach to insurance premium tax (IPT).
The ABI and CII have both called on the government to cut the tax, while Biba is seeking a freeze for the duration of the current Parliament.
The recommendations were delivered ahead of the upcoming Budget, which will be delivered by new chancellor Rishi Sunak
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