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Government must tread carefully on IPT: Biba

10 June 2010

The British Insurance Brokers’ Association (Biba) is urging the UK government not to increase the 5% rate of insurance premium tax (IPT) on insurance products in its next Budget on June 22.

Read more: British Insurance Brokers’ Association Biba IPT insurance premium tax budget

The British Insurance Brokers’ Association (Biba) is urging the UK government not to increase the 5% rate of insurance premium tax (IPT) on insurance products in its next Budget on June 22.

Biba believes that increasing taxes on general insurance will prove counterproductive. Increases to tax on premiums...


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If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield