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Broker boss wants IPT to become VAT as the industry responds to HMRC's consultation into how the IPT operates.
Sector also made a contribution to the UK economy worth £29.5bn and paid close to £12bn in taxes, according to the ABI.
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”.
Broker posted £6.7m turnover increase, pre-tax profit growth of £11.2m and noted it is awaiting the outcome of a tax dispute with HMRC.
ABI warned that any further IPT hike could result in some people reducing or dropping their insurance cover completely.
Calm called for as insurers insist it will be "business as usual" and Biba pledges to represent brokers in Brexit negotiations.
Gibraltar is subject to the same rules as everywhere else in Europe. Kathryn Morgan explains why insurers really flock to the British Overseas Territory
“That would be to utterly miss the point. It still went up and deserved challenging”
Our cartoon uncovers what's really going through the taxman's head
Brokers describe tax rise to 10% as a “slap in the face” but support increased funding for flood defences
Tax rises earmarked to help with flood defences despite government pledging last year that there were no plans for a further rate rise.
Research also reveals almost half of consumers remain unaware of November’s tax rise.
Industry reacts to George Osborne’s Budget announcement to increase Insurance Premium Tax
David Coupe, partner at EC3\Legal, counts the cost of the insurance premium tax rise.
Taxman’s decision to impose VAT on online and marketing services by IARs could cost industry
The environment secretary, Caroline Spelman, has proposed adding a levy to all home insurance policies in order to raise enough money to cover damage in the aftermath of severe flooding.
The insurance industry made a total contribution of £10.4bn to the Exchequer a report from the Association of British Insurers (ABI) and PWC has revealed.
Lloyd’s insurer Swinglehurst has reportedly had its company accounts frozen after running into tax diffculties.
This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits.
With networks increasing in popularity, Emmanuel Kenning recounts their development and looks to the future of this crucial market sector.
Chancellor George Osborne has delivered his ‘Budget for growth’ which at first glance appeared to hold no nasty surprises for brokers.
Three individuals - a man and woman from Kent and a man from west London - have been charged with motor insurance fraud, tax fraud and money laundering with offences totalling £500,000.
The economy grew, rival political parties unexpectedly started working together and personal lines rates even hardened, although plenty of surprises and setbacks meant that 2010 was far from plain sailing, writes Andrew Tjaardstra.