As announced in the 2016 Autumn Budget, the standard rate of UK Insurance Premium Tax (UK IPT) is increasing from 10% to 12%. This came into effect from 01 June 2017, with the new standard rate (12%) applicable to new insurance policies and renewals.
Author: AFL Insurance Brokers
http://www.aflib.com The vision behind AFL was to create an unhindered, independent centre of excellence for international insurance; a truly capable and professional partner for global insurance brokers and discerning risk managers. We work alongside our clients throughout the world to ensure not only that precise, innovative risk management is delivered, but that all parties involved are happy with the value exchange they’ve experienced.
