Hammond ignores pleas for IPT reprieve

UK Chancellor of the Exchequer Philip Hammond has ignored
insurers' calls to rethink a pending insurance premium tax
(IPT) rise and laid down measures to ensure carriers can't
bypass the higher rate by paying the levy early.
In his first Budget, Hammond also announced personal taxation
measures that may affect brokers and directors of start-ups and
promised a consumer protection green paper.
After the Ogden rate upset on 27 February - and two consecutive
annual increases in IPT - some...