Further IPT increases likely: FiscalReps

Insurance premium tax (IPT) is likely to rise further after
three increases in less than two years, according to the CEO of tax
consultancy FiscalReps.
IPT will increase from 10 percent to 12 percent on 1 June, after
rising from 6.0 percent to 9.5 percent in November 2015 and then
climbing by another half-point last October.
Most general insurers will have to pay that standard 12 percent
rate, although the life sector and certain niche segments enjoy
exemptions. The new...