Insurance Premium Tax (IPT)
Top 5: Tips for managing IPT
Tax expert Justine McInnes outlines what brokers can do to keep the changing IPT path as smooth as possible.
Biba calls for IPT freeze
Broker body says increasing IPT plus the impact of the discount rate change will drive up costs and cause people to reduce insurance protection.
Car insurance premiums at four-year high, says AA
The index showed that the average shop around premium jumped by 5.8% over the last quarter.
Biba launches 2017 manifesto – Enabling the Insurance Market
Trade body covers IPT, Brexit, regulation costs and more in this year’s document.
Home and motor to be unprofitable next year, says EY
Maintaining low premiums for customers and achieving healthy earnings will be a struggle for the market, according to advisory firm.
Editor's letter - December 2016
“The government may well be able to hide behind some technicalities but deep down even it knows that IPT is a tax on consumers”
News analysis: IPT hike – industry fears further rise
As IPT is raised to 12%, many commentators wonder if a VAT-matched rate of 20% is on the cards
Lib Dem leader calls for IPT rethink
Tim Farron has called on the government to review its decision to increase insurance premium tax to 12%.
Sector slams latest IPT rise
Insurers warn that the “outrageous” 2% increase could lead to increased underinsurance as the change is described as an “unwarranted attack”.
IPT to go up to 12%
Insurance premium tax to increase from June 2017 and is branded "outrageous" by Biba.
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.
Biba publishes demands ahead of Autumn Statement
Trade body urges Chancellor of the Exchequer to consider a number of issues including IPT and Brexit.
Car premiums up by £20 in Q3 2016
AA Index says rise in IPT and the high volume of whiplash claims are to blame.
Biba calls for removal of IPT on telematics products
The increase in the tax has made the hike in car insurance more noticeable according to the trade body.
In-depth: Looking out for the little guy
Business from the SME sector is a lifeline for many regional brokers and, on the whole, intermediaries do a great job for their clients. However, lack of clarity on underinsurance and reputational risk, along with market-shaking issues such as IPT and…
Editor’s letter: April 2016
“That would be to utterly miss the point. It still went up and deserved challenging”
Broking break: Risky Business
Our cartoon uncovers what's really going through the taxman's head
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
Broking Break: Your top five of the week
This week has been all about IPT when it comes to reader clicks. Discover the most read stories in our roundup.
Brokers fear IPT could hit 20%
Market concerned that the tax will continue to rise steadily in Budgets to come.
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.
Hastings to keep focus on motor and telematics
CFO Hoskins says Brexit and possible IPT hike would not impact the firm.
Government’s 2015 IPT discussions revealed
Exclusive coverage of the Treasury’s talks with the Association of British Insurers.