2016 March Budget (2): Increase to IPT

In the Budget speech the Chancellor confirmed that there will be a further increase to Insurance Premium Tax (IPT). IPT will increase from 9.5% to 10%.

This has implications for many personal and corporate insurances, and from an employee benefits perspective particularly for healthcare insurances.

Many will recall that IPT increased significantly only last year – please see this link for details of that increase and things that employers should be thinking about in this respect.

For the full original article and other similar posts, please visit the Jelf Group blog.