Insurance Premium Tax On The Rise

Posted 01/10/2016

Insurance Premium Tax is rising once again from today.

As of October 1st, it will increase to 10%, meaning you may see an increase on your insurance policies.

Insurance Premium Tax, which increase was announced during the Government’s March 2016 Budget, will see both Personal and Commercial Insurance products be affected by this increase.

This comes just a year after it was increased from 6% to 9.5% last November.

Should you have any further questions on how this will affect you, please contact the team on 01603 954054.

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Insurance Premium Tax On The Rise
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