IPT receipts triple over the last 10 years
Insurance premium tax receipts stood at £61m in March 2025, bringing the full year total for the 2024 to 2025 financial year to a record £8.88bn.
Data published by HM Revenue & Customs today (23 April) showed the tax haul from IPT exceeded last year’s full year total of £8.15bn by £737m or 9%.
In the 2014/15 financial year, annual receipts were
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