Tax
News Analysis - Spending Review: Coalition cuts deep to stimulate recovery
Emmanuel Kenning finds that brokers are determined to be optimistic in the wake of the Chancellor's £81bn of public sector cuts announced in the Spending Review.
Slow insurer processing could mean a backlog of IPT charges
Brokers could be left to foot the bill if insurers choose to apply the Insurance Premium Tax (IPT) increase from the date it hits their books, according to the British Insurance Brokers' Association (Biba).
Westfield absorbs tax increase and holds rates firm
Westfield Health has announced it will not immediately pass on the 1% rise in insurance premium tax (IPT) to policyholders - a decision set to cost the not-for-profit health insurance provider an estimated £530,000 per year.
Focus - Start-ups: Making your own space
Edward Murray investigates the key considerations involved in establishing a new broker
SMEs and Government: A cure for the economy
Small business is the backbone of the UK economy, says Stephen Archer, and the Government needs to encourage, rather than hinder, its growth.
MSL policy gets makeover
MSL Legal Expenses has revamped its legal expenses policy for businesses, which provides up to £50,000 financial protection for legal costs per claim.
HMRC stipulates VAT exemption conditions for online intermediaries
Online insurance intermediaries must look closely at their business models in order to qualify for VAT exemption following a briefing by HM Revenue and Customs (HMRC).
Power hour: A cooperative coalition?
This month's power hour assesses the impact the Con-Dem Government has already had on insurance and debates how it will continue to influence the industry in the future. Liz McMahon reports.
Agenda: KIC first half 2010 results and outlook
Letter to president Petrov Arverbeyev, Kazakhstan Insurance Company
Industry anticipates further IPT rises to catch up with EU levels
Industry experts have warned of further Insurance Premium Tax (IPT) hikes as the Government attempts to bring UK tax levels into line with the rest of Europe.
Government vows to simplify tax
The Chancellor George Osborne and Exchequer Secretary David Gauke today (20 July) established the Office of Tax Simplification (OTS).
New government: Coalition consequences
The new government has already announced the end of the Financial Services Authority and an Emergency Budget full of spending cuts and tax rises. Emmanuel Kenning looks at the implications for insurance brokers.
Viewpoint: The tonic the economy needed
On 22 June, Chancellor George Osborne delivered his Emergency Budget. It set out a faster reduction of the deficit than was envisaged by the previous government and, crucially, defined how the bulk of the adjustment would be achieved through lower…
News analysis - Emergency Budget: Chancellor's axe and tax
Emmanuel Kenning reviews economists' reactions to the announcements in the Emergency Budget.
Polly C
Polly loves a divisive figure and, quite frankly, the insurance industry could do with more of them. There is no denying that the now infamous Gio Compario is the aggregators' answer to Marmite and Polly was pleased to learn that the gregarious tenor had…
Reportage - coalition government: A political maze
With the first coalition Government in more than 50 years in power, there is plenty of unease among businesses as to what it will mean for them. Louise Meeson explores the risks SMEs face amid a lack of clear direction
Opinion: Editor's comment - July 2010
Have you received your letter, the one that informs you that your Financial Services Compensation Scheme (FSCS) bill has gone up a bit? "A bit?" I hear you cry. And cry you might for brokers are reporting increases of up to 800%.
Budget hits brokers hard
Brokers face a raft of additional costs following the coalition Government's emergency budget.
IPT and VAT changes will have significant impact on brokers
The Insurance premium Tax (IPT) and VAT changes announced in the emergency budget will have far-reaching consequences for brokers and insurers beyond the initial pain to policyholder’s pockets, according to Kevin Kiernan, director of personal lines,…
Willis makes senior appointment
Willis Group Holdings has announced the appointment of Michael Neborak as executive vice president and group chief financial officer.
Emergency Budget 2010: CGT and IPT rise meets mixed reactions
As part of the coalition government's emergency Budget, Chancellor George Osborne has announced increases in capital gains tax (CGT) and insurance premium tax (IPT).
Emergency Budget 2010: VAT up to 20%
Chancellor of the Exchequer, George Osborne, has announced that VAT will rise to 20% on 4 January 2011.
Emergency Budget 2010: National Insurance changes for start-up companies
Chancellor of the Exchequer, George Osborne, has announced that new businesses outside of London, the South-East and the Eastern region are to get national insurance relief for the next three years.
Emergency Budget 2010: Biba fears IPT rise will lead to cuts in cover
The British Insurance Brokers' Association (Biba) said it is concerned that consumers and businesses will be hit by increasing insurance costs.