Insurance Premium Tax Rise – ONLY 1%

Last Updated on June 22, 2010 by admin

Insurance Premium Tax Rise – ONLY 1% Holiday Home Insurance purchasers will today breathe a sigh of relief that in todays Emergency Budget, the Chancellor, George Osbourne announced that Insurance Premium Tax (IPT) will only be increased by 1% to a total of 6%. This increase follows widespread speculation that he would use the Emergency Budget to announce a far larger hike in the tax.