Insurance Premium Tax receipts up 12.5% in Q1
Insurance Premium Tax (IPT) raised a further £69m for the Treasury in June 2024, according to latest HM Revenue & ...
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Tag: Insurance Premium Tax
IPT receipts soar with more than £1.4bn collected in May
More than £1.4bn was collected in Insurance Premium Tax (IPT) in May as receipts continued their long-term rise. A ...
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Cutting IPT is key to improving worker inactivity – Spinks
Cutting insurance premium tax (IPT) is the key to improving worker inactivity, according to Cara Spinks, head of insurance consulting ...
Read moreInsurance Premium Tax raises £6.5bn for Treasury
Insurance Premium Tax (IPT) raised £6.5bn for the Treasury between April 2023 and January 2024 compared to £5.9bn in the ...
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IPT receipts soar to £6bn in eight months
Insurance Premium Tax (IPT) receipts have risen by more than £500m in the first eight months of the year. According ...
Read moreABI renews call for PMI tax breaks as number insured hits 5.8 million
The Association of British Insurers (ABI) has renewed its call for a cut in Insurance Premium Tax (IPT) on health ...
Read moreInsurance Premium Tax revenue hits record high and PMI demand soars
Rising costs and growing demand for health insurance products have created a significant uptick in UK Treasury revenue, according to ...
Read moreIPT collections up £100m in first two months of tax year
The Insurance Premium Tax (IPT) collected by HM Treasury increased by around £100m to £1.8bn for the first two months ...
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