News articles
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Responsible people deserve a break – ABI calls for a cut in the ‘mother of all stealth taxes’
23/10/2019
Families and firms could be £100 a year better off if the Government does the right thing and cuts the rate of Insurance Premium Tax The Association of British Insurers (ABI) is urging the…
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Plus ça change…
06/08/2019
Developments in tax and regulation in the context of the ever-changing external environment, can bring on a desire to lie down in a darkened room in even hardened practitioners, but…
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Budget 2018 – ABI initial response
29/10/2018
Commenting on today’s Budget, Huw Evans, Director General, Association of British Insurers, said: On no further increase in the rate of Insurance Premium Tax “We are pleased that the Chancellor has…
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Insurance Premium Tax rakes in a record £1.35bn for Government in one month
26/10/2018
Industry urges no more increases to the “mother of all stealth taxes” The Government is being urged to freeze Insurance Premium Tax (IPT) at the forthcoming Budget, after HMRC figures revealed that…
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Relief for drivers as average motor insurance premiums continue to drop
25/10/2018
Average motor premium drops for third quarter in a row, to £471 Strong progress of Civil Liability Bill possible cause of the fall Lower costs only sustainable if Government leaves Insurance Premium…
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Pensions tax relief – time to end the salami-slicing says the ABI
22/10/2018
Ahead of the Budget, the ABI is calling for an end to the salami-slicing approach to cutting pensions tax relief and says that it is ready to work with government on any longer-term reforms. Since…
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“A raid on the responsible is the wrong way to balance the books”
10/10/2018
#IPTsUnfair campaign relaunches ahead of Budget The Chancellor is being urged not to further penalise responsible insurance customers in this month’s Budget as he looks to balance the Government’s…