Insurance Premium Tax set to rise
The UK Government announced on 8 July 2015, that the standard UK Insurance Premium Tax (IPT) will increase with effect from 1 November 2015. Insurance Broker Deacon, have produced a FAQ Sheet, Increase in insurance premium tax, to help explain how these changes may affect homeowners. lpm, will keep all clients fully informed as to how and when this increase is to be applied to Policy premiums.
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