The Budget
What does the 2025 Budget mean for insurance brokers?
On Wednesday afternoon, after weeks of speculation (and an unprecedented early leak by the Office for Budget Responsibility), the Chancellor finally revealed her second Budget. Tom Golding, PKF Littlejohn partner considers some of the main tax changes and what these may mean for insurance brokers.
Analysis: What does Labour’s first Budget mean for insurance brokers?
In the time since Labour won the election on 4 July there has been much speculation as to what their first Budget would contain. PFK Littlejohn’s Tom Golding looks at some of the key changes announced - and what these may mean for insurance brokers.
Insurance industry voices fears over NI and minimum wage hikes on SMEs as it responds to Budget
A host of insurance figures have expressed concern that Chancellor Rachel Reeves' Budget announcement today will mean SMEs could cut back on staff and business investment, as well as commercial cover putting them at greater risk of underinsurance.
Rise in IPT would put greater strain on brokers trying to reduce underinsurance
With the Autumn Budget set to be released tomorrow (30 October) by the UK government, the question over whether insurance premium tax will be increased lingers as industry practitioners weigh in.
Biba calls for IPT cut in Autumn Budget
The British Insurance Brokers’ Association has urged the government to cut the headline rate of insurance premium tax from 12% to 10% in the Autumn Budget on 30 October.
IPT untouched in latest Budget
While the tax cut on flights ahead of COP26 grabbed headlines, brokers breathed a sigh of relief as hated insurance premium tax remained at 12%.
Blog: What is in store in the next Budget?
PKF Littlejohn’s, Chris Riley, runs the numbers ahead of the Autumn Budget.
Blog: The 'honest' Budget
PKF Littlejohn's Chris Riley considers some of the wider implications of this week's Budget and flags that Capital Gains Tax remains a target despite staying unchanged for now.
IPT remains at 12%
The Budget swerves IPT rise and Entrepreneurs’ Relief escapes for now but Corporation Tax increases to 25%.
Budget: Broking M&A could be affected by changes to Entrepreneurs’ Relief
What might the Budget have in store for brokers? Close Brothers’ Paul Trail considers the possibilities.
Blog: How could the Spring 2021 Budget affect insurance brokers?
With the Budget looming, PKF Littlejohn’s tax lead, Chris Riley, gives Insurance Age readers a first look at his predictions and considers the tax threats to brokers including IPT, VAT, corporation tax and the EIS scheme.
Sector escapes IPT rise in ‘coronavirus’ Budget
The decision to keep the unpopular tax at 12% has been welcomed by the insurance market as Chancellor introduces other measures to help Covid-19 hit businesses.
Quizzical questions: 2 November 2018
Test your knowledge of the week's news with our topical quiz.
The Blog Spot: Why #20Now for IPT might not be the only broker issue of the Budget
Ah, the pre-Budget blog. Where nothing is wrong and nothing is right because it’s all ifs, buts and maybes in the exciting game of “imagine if”.
Biba reveals extra IPT spending
Trade body confirms extra £700m raised from 2016 IPT rise has boosted flood defences in Calder Valley, Leeds, York and Cumbria.
Biba confirms money from IPT goes toward flood defences
The government said in its 2016 Spring Budget that the money raised by the IPT rise would go towards those affected by flooding.
ABI calls for IPT freeze in Autumn Statement
ABI warned that any further IPT hike could result in some people reducing or dropping their insurance cover completely.
Whiplash proposals shelved - reports
Ministers are believed to be "unenthusiastic" about the proposals.
Market dismayed by further IPT increase
Brokers describe tax rise to 10% as a “slap in the face” but support increased funding for flood defences
IPT increase to come into effect in October this year
Tax rises earmarked to help with flood defences despite government pledging last year that there were no plans for a further rate rise.
IPT to rise again
The 0.5% rise is the second in less than a year and Chancellor said extra money raised would go towards flood protection.