Market Welcomes IPT freeze at 12% in Autumn 2018 Budget
After weeks of speculation, Chancellor Philip Hammond has now revealed his Autumn Budget 2018 - one which has been keenly anticipated by the insurance industry. Chancellor Philip Hammond today announced that insurance premium tax (IPT) rates are to remain at the current level of 12% – welcome news for those in the industry who have been urging a freeze on the tax. The decision has come following an open letter from four major private medical insurance (PMI) providers calling