insurance tax

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3 03, 2017

Insurance Premium Tax Increases

By |2018-09-07T20:38:15+00:00March 3rd, 2017|Insurance News|0 Comments

Insurance premium tax is due to rise once again in June 2017 to 12%. Since Kenneth Clarke announced in his November 1993 budget that insurance premium tax was being introduced in 1994 at a level of 2.5%, the rate has slowly increased. However, the rate and exponentially increased since its 6% level (as recently as [...]