Insurance Premium Tax receipts set for record year
Chancellor Rachel Reeves looks set to collect record Insurance Premium Tax (IPT) receipts for this financial year, latest figures from ...
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Tag: IPT
IPT raises £6.8bn in first eight months of financial year
Insurance premium tax (IPT) raised almost £7bn in the first eight months of the 2025-26 financial year. Latest HM Revenue ...
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IPT take hits record £7.6bn while IHT rises to £7bn
HM Revenue & Customs' Insurance Premium Tax take stood at £853m in January 2025, bringing the 10-month total for the ...
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IPT on track to surpass Tobacco Tax revenue for first time
Insurance Premium Tax (IPT) receipts reached £6.65bn for the first eight months of 2024-25, taking it ahead of receipts from ...
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Individual PMI roundtable: Pet unicorns more likely than IPT cut but NI hike leaves PMI demand steady
Government's increase to employer's National Insurance contributions is not likely to affect demand for private medical insurance (PMI) as waits ...
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Budget 2024: Chancellor holds IPT rate but OBR expects £3bn surge in revenue
Despite speculation, Chancellor Rachel Reeves did not increase insurance premium tax (IPT) in today’s Budget - but the Office for ...
Read moreIPT hits £4.5bn record at half year
Insurance Premium Tax (IPT) receipts hit a half-year record of £4.5bn through the first six months of the 2024/25 financial ...
Read moreBroadstone warns any hike in IPT could backfire and worsen NHS backlog
Broadstone has warned the government should resist the temptation of increasing rates on Insurance Premium Tax (IPT) at the upcoming ...
Read moreIPT 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 ...
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 ...
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