News
IPT Receipts Top £1.3 Billion During August 2024
Whilst Keir Starmer sips free drinks in his VIP box at Arsenal FC he can find comfort in the fact that millions of people are paying a punishment tax for doing the right thing and […]
IPT
News
UK Govt Rakes in Over £3bn From IPT in 2024
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 […]
News
IPT Receipts Now Top £8 Billion
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 […]
News
Govt Rakes in £8.1 Billion From IPT Receipts
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 […]
News
IPT Rakes in £1.5bn A Month For UK Government
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 […]
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AA Welcomes Budget, But Notes IPT Remains Essentially Unfair
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 […]
News
ABI Calls For Cut on IPT In 2024 Budget
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 […]
News
Car Premium Hikes Require a Clear Explanation on Claims From Insurers
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 […]