IPT on track to surpass Tobacco Tax revenue for first time

20 December 2024

Insurance Premium Tax (IPT) receipts reached £6.65bn for the first eight months of 2024-25, taking it ahead of receipts from ...

Individual PMI roundtable: Pet unicorns more likely than IPT cut but NI hike leaves PMI demand steady

1 November 2024

Government's increase to employer's National Insurance contributions is not likely to affect demand for private medical insurance (PMI) as waits ...

PMI innovation supporting growing demand and improving affordability – Hill

Budget 2024: Chancellor holds IPT rate but OBR expects £3bn surge in revenue

30 October 2024

Despite speculation, Chancellor Rachel Reeves did not increase insurance premium tax (IPT) in today’s Budget - but the Office for ...

IPT hits £4.5bn record at half year

22 October 2024

Insurance Premium Tax (IPT) receipts hit a half-year record of £4.5bn through the first six months of the 2024/25 financial ...

Broadstone warns any hike in IPT could backfire and worsen NHS backlog

9 October 2024

Broadstone has warned the government should resist the temptation of increasing rates on Insurance Premium Tax (IPT) at the upcoming ...

IPT receipts soar with more than £1.4bn collected in May

21 June 2024

More than £1.4bn was collected in Insurance Premium Tax (IPT) in May as receipts continued their long-term rise. A ...

Insurance Premium Tax revenue hits record high and PMI demand soars

5 September 2023

Rising costs and growing demand for health insurance products have created a significant uptick in UK Treasury revenue, according to ...

IPT collections up £100m in first two months of tax year

23 June 2023

The Insurance Premium Tax (IPT) collected by HM Treasury increased by around £100m to £1.8bn for the first two months ...

Tag: IPT