IPT receipts reached £3.07 billion through the first four months of 2024/25 according to the latest HMRC data released this morning, exceeding the same period last year (£2.76 billion) by 11%. That’s almost enough to […]
Over 8 billion sterling in IPT tax, but are consumers getting much in return? The insurance industry often has to financially support vehicle theft and uninsured driver investigations by the Police. Then there’s organised “chop […]
A special tax on taking personal responsibility and doing the right thing is a bizarre concept. But that, in a nushell, is IPT. Other taxes are supposedly a punishment for smoking, drinking, driving in a […]
Despite pleas from the industry, the govrnment ignored calls to reduce, or abolish the IPT tax in this year’s Budget. A tax on the law abiding to pay for the damage caused by the lawless […]
It’s a positive vibe from the AA after the Budget Statement yesterday in Parliament; The AA welcomes the Chancellor’s decision not to increase fuel duty for a further 12 months, even if the benefit has […]
The latest from the ABI, who want the rate of IPT taxation reduced. This tax on doing the right thing should never have been introduced in the first place says IE. BTW Rishi Sunak paid […]
Everyone in the industry knows that car premiums have increased rapidly over the last 12 months. The ABI is making overtures to UK Chancellor Jeremy Hunt to reduce the level of IPT which might alleviate […]
It’s nearly time for the Budget, so let’s take a guess on a few things; IPT up to 20% on all non electric cars. Roll out of powers to Councils to tax all vehicles on […]
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