Tax
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.
Emergency Budget 2010: IPT to rise
Chancellor George Osborne has announced that insurance premium tax (IPT) will rise from 5% to 6% while the higher rate of 17.5% will increase to 20%.
Emergency Budget causes City jitters
As the Chancellor puts the final touches to his emergency Budget speech, new research from BDO suggests that the City is still feeling nervous about the impact of a coalition government and some international businesses have one eye on the door.
Report puts UK national debt at nearly £5trillion
The Institute of Economic Affairs has estimated that the national debt including pension liabilities and likely liabilities to be incurred by the government in respect of the banking sector is £4.8 trillion (333% of GDP).
PJ Hayman calls for IPT standardisation
PJ Hayman, specialist travel insurance and Schemes provider, has called on the new Government to reassess the level at which Insurance Premium Tax (IPT) is charged on travel insurance.
Business confidence dented by forthcoming Budget
According to latest Economy Watch survey by the Forum of Private Businesses, confidence has been impacted by fears that increases in the Budget culd hit small businesses hard.
Biba calls for freeze on Insurance Premium Tax
The British Insurance Brokers’ Association (Biba) is urging the Government not to increase the 5% rate of Insurance Premium Tax (IPT) on insurance products in its next Budget on 22 June 2010.
Moorhouse targets £5m GWP broker acquisition
Welsh broker Moorhouse has announced that it is looking to complement its organic growth with the acquisition of an insurance broker up to £5m gross written premium (GWP).