Travel IPT hits record levels
Peter Hayman, director at P J Hayman & Company, has called for the standardisation of tax across all forms of insurance in the wake of the rises in VAT and Insurance Premium Tax.
Mr Hayman said: “With effect from the 4 January 2011, the government will be collecting a 20% tax on all travel insurance premiums.The amount of tax matches the VAT rate but is far higher than other
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