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Latest News

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IPT Increase June 2017

The Government has yet again announced that this year we will see another increase in the standard rate of Insurance Premium Tax (IPT). The new rate of IPT will apply from 1st June 2017 and is going up by a whopping 2% bringing the new rate all the way up to 12% in total.

This doesn’t come as a surprise, considering that the government has increased IPT three times in two years. The standard rate increased from 6% in 2015, and now hitting 12% means that it has doubled in the last two years.

This increase ranks us at 6th highest IPT rate in Europe behind the likes of Greece, Germany and the Netherlands who all have standard IPT above 20% (hopefully we will not be up there with them anytime soon!) This increase marks the sixth time that the rate has gone up since its introduction in 1994.

Those likely to be affected are insurers who provide non – exempt insurance cover for UK risks and the broker and agents who act for them.

If you require any help or information on how you may be affected please do not hesitate to get in touch.

More Latest News

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IMPORTANT PRODUCT UPDATE: Landmark Sitecheck Assess – now with Flood and Energy & Infrastructure Screen

New Sitecheck Assess pricing below (all prices include VAT): Sitecheck Assess up to 2ha - £213.00 Sitecheck Assess 2-5ha - £219.00 Sitecheck Assess 5-10ha - £231.00 Sitecheck Ass...

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Webinar 17-Oct-17 - Japanese Knotweed & Capital Allowances

Date: 17/10/17 Time: 11:00 AM  REGISTER NOW Agenda: History of Japanese knotweed Identifying knotweed Legislation & responsibility Impacts to property Professional views Treati...

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Webinar 20-Sep-17 - Planning & Energy risks and impacts on property transactions

This presentation will look at Planning & Energy liabilities and impacts to property transactions. Agenda: Planning Why order a planning search? Planning case studies Lawful Development Ce...

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Webinar 29-Aug-17 - Which report for which scenario? Commercial Focus

In this presentation we will give you an overview summary on Contaminated Land and Flood statistics. Then look in a bit more detail at the most widely used environmental commercial reports, what their...

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