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9 years ago · by · 0 comments

Budget 2015: Insurance Premium Tax Increase

One of the less anticipated moves in the Budget this year was the Chancellor’s raid on insurance premium tax, which will be raised this November from 6% to 9.5%

The new rate will hit policies ranging from household insurance to motor insurance.  Travel insurance is already taxed at a higher 20% rate, so this will not be affected.


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David Wain Insurance
51-53 High Street
DE11 8JA

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