News

Insurance Premium Tax Continues to Be a Nice Earner For HM Govt

As premiums rise the tax take rises too, which is good news for Rachel Reeves; This morning’s HMRC tax receipts update shows that Insurance Premium Tax (IPT) receipts recorded a total of £1.03 billion in July […]

News

IPT Receipts Rise 14%, Now Raking In £2bn Per Quarter

Is IPT actually immoral? Surely doing the right thing and taking out insurance should be seen as a social good, taking responsibility. The option of driving without insurance, or travelling abroad without cover actually costs […]

Technology

FullCircl Launches Premium Data Extension

FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do better business faster, has launched its latest Premium Data Extension (PDE).  The new HMRC Import and Export Data Pack […]

cyber insurance

HMRC Investment in WFH Tech Poses Security Challenge

Her Majesty’s Revenue and Customs (HMRC) has invested in 37,624 laptops, tablets and phones in the last 12 months, and a grand total of 45,704 devices since October 2019, which was shortly before Covid-19 began […]

Fraud

Scammers Are Loving Those HMRC Texts, Emails & Calls

Reports of HMRC-branded phishing scams have jumped from 572,029 to 1,069,522 in the last year – a surge of 87 per cent – according to official figures. The data, obtained by accountancy group Lanop Outsourcing […]

Legal

HMRC Reports 11 Serious Breaches to ICO

HM Revenue and Customs (HMRC) has reported 11 ‘serious’ personal data incidents to the Information Commissioner’s Office (ICO) in the most recent financial year, according to official figures. The incidents, disclosed in HMRC’s newly published annual […]

Insurance Brokers

No, HMRC Has NOT Got a refund of £477.28 For You

Research conducted by NFU Mutual, a significant commercial insurer, has revealed that nearly two thirds of respondents (62%) believe the number of phishing emails they receive has increased in the last year. Twenty percent thought […]