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 […]
The latest rules update from HMRC on collecting and paying IPT; HMRC will send you a notice to file with a deadline to send your return and pay what you owe. You can extend the deadline by […]
Not just a great old song by Janet Jackson from the 80s, but a question worth asking by the insurance sector to the Chancellor. IPT is at 12%, there are no significant NI contributions tax […]
HMRC has issued some new rules recently, aimed at insurance companies who are disposing of a co-owned contractual scheme. IE htought you might want to know more; This measure makes sure that a life insurance […]
Yep Inheritance tax receipts keep going up as more people hit the threshold. Here’s the latest analysis; HM Revenue and Customs (HMRC) has released its monthly figures which show that inheritance tax receipts hit £6.3 […]
Some thoughts from GRiD on employee benefits and how businesses in the UK will be looking at the value later in 2025; Employee benefits will come under increased scrutiny in 2025 as the cumulative effect […]
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 […]
The spin machine in Downing Street has been putting out MSM briefings on raising taxes and “black holes” for a few months now. The general mood music is that Capital Gains Tax will rise substantially […]
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