What is IPT?

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Insurance Premium Tax ( IPT ) is a tax on general insurance premiums. There are 2 rates: a standard rate 9.5% a higher rate 20% – for travel insurance, mechanical/electrical appliances insurance and some vehicle insurance.

The IPT rate increased from 6% to 9.5% in November 2015.

2016-01-20T22:17:25+00:00 January 20th, 2016|
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