Biba calls for IPT cut to 10% with 2022 manifesto launch
The British Insurance Brokers’ Association has urged the government to cut Insurance Premium Tax to 10% in the next budget and pushed for targeted relief for three areas.
The standard IPT rate has been 12% since June 2017 with the government collecting over £6.3bn last financial year.
“We’ve been asking Treasury for five years now not to increase the rate,” Graeme
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