UK IPT to rise to 10%

Insurance premium tax (IPT) will increase by 0.5 percent to 10
percent, Chancellor of the Exchequer George Osborne announced in
the UK budget statement today (16 March).
The 10 percent rate will come into effect from 1 October this
year and the revenue raised from the additional 0.5 percent will be
invested in flood defences and resilience measures.
The IPT increase is forecast to raise an extra £80mn
($113mn) for the Treasury during the 2016/17 fiscal year, an extra
£200mn...