News
Budget 2023: IE Predictions and Some Ideas From The ABI
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 […]
IPT
Insurance Regulation
New IPT Guide For Insurers
Global tax software leader and expert Sovos recently released its Insurance Premium Tax (IPT) guide for insurers. The guide provides trusted guidance to both those new to IPT and seasoned tax professionals concerned about cross-border compliance. […]
Motor Insurance
BIBA Calls For Zero IPT On Telematics Car Cover for Under 25s
BIBA’s Executive Director, Graeme Trudgill, called for Government to zero-rate Insurance Premium Tax (IPT) for young driver telematics policies while giving oral evidence at the Transport Committee’s Inquiry into Road Safety and Young and Novice […]
UK Insurance Trends
Carrot Calls For IPT Discount For Telematics Users Under 25
Young driver insurer Carrot Insurance (part of UK-based global telematics leader Trak Global Group) has urged the powerful House of Commons Transport Committee to champion technology as a proven means of reducing the risk of […]
News
Govt Fiscal Package: More Help For Heritage Buildings is Needed
Some reaction to Chancellor Rishi Sunak’s statement in the House of Commons yesterday, from Angus Roy, charity director at Ecclesiastical: “While it is encouraging that the government is providing a much-needed boost to the economy, […]
News
Meerkats Survey Finds Car Insurance Still Rising – But Is It Down to IPT?
The average cost of motor insurance has increased by £24 in the past quarter according to the latest Premium Drivers report by Compare The Market. The average car insurance premium in Q1 2020 (December – […]
News
Budget 2020 – Updated: Rishi Dishes Up £600bn Investment, Plus £330bn Extra
Updated 17.03.2020. Chancellor announces £330 billion extra in support for individuals and business. Small traders can access grants up to 10K SMEs can apply for grants up to 25K Three month mortgage break for homeowners […]
News
BIBA Memo to Chancellor: Freeze IPT, Exempt Telematics & More
The British Insurance Brokers’ Association (BIBA) had highlighted four areas relating to Insurance Premium Tax (IPT) which the Government and the new Chancellor should heed. The rate of IPT on most insurance policies sits at […]