Insurance Premium Tax

Insurance Premium Tax

Please note that insurance premium tax has increased from 10 to 12% with effect from 1st June 2017. This tax is levied by the government on all insurance policies.

We hope that there will not be any further increases but fear that the government will push this tax up to the same level as V.A.T at 20% in the near future.

BIBA (British Insurance Brokers Association) Purple Partnership

Copyright © 2017 Birnbeck Finance Limited t/a Birnbeck Insurance Services
Registered Address: Whetcombe Whey, Ropers Lane, Wrington, Somerset, BS40 5NH
Company No. 01158939
Registered in England and Wales

Our industry’s ombudsman is the Financial Ombudsman Service
We are authorised and regulated by the Financial Conduct Authority
FCA Registration Number: 125599
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