Ecclesiastical and CFG call for IPT charity exemption to be included in this month's budget

budget-briefcase

Specialist insurer, Ecclesiastical and the Charity Finance Group have called on the chancellor to make charities exempt from paying insurance premium tax.

IPT has increased since 2015 from 6% to 12% and the insurance industry is worried it could rise again when Phillip Hammond delivers the budget on 29 October.

Ecclesiastical insures more than 45,000

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