IPT receipts almost triple over the last 10 years
Insurance premium tax receipts stood at £88m in March 2026, bringing the full year total for the 2025 to 2026 financial year to a record £9.04bn.
Data published by HM Revenue & Customs today (23 April) showed the tax haul from IPT exceeded last year’s full year total of £8.88bn by £157m.
In the 2015/16 financial year, annual receipts were
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on News
Morrisons’ pet insurance; Clear Group’s launch; Gauntlet’s MD
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Willis warns 7 in 10 businesses are underinsured
James Adams, head of valuation services at Willis, has warned businesses are increasingly at risk of being caught out by average clauses because outdated property valuations are failing to reflect rising rebuild costs.
Chubb leads consortium for Hormuz shipping cover
Chubb has launched a Lloyd’s market consortium to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz.
Aviva confirms Probitas rebrand
Aviva has confirmed it will rebrand Probitas 1492 to Aviva Syndicates.
US-Iran deal reopens Strait but shipping risks remain
Marine insurers have welcomed the reopening of the Strait of Hormuz under the US-Iran peace deal signed today (18 June), but warned significant operational, security and regulatory challenges remain.
ThingCo co-founder re-emerges at Lloyd’s Lab insurtech
ThingCo co-founder Jonathon Valentine left the telematics provider in March and has now been appointed as the new group chief technology officer for the insurtech SAMP Risk.
GDPR ‘no excuse’ for supporting vulnerable customers
The Chartered Insurance Institute has told insurers not to use General Data Protection Regulation “as an excuse” to avoid supporting vulnerable customers.
Ageas motor head unconvinced telematics improves behaviour
Senior motor underwriting bosses disagreed about the amount of impact telematics has on driver behaviour at Insurance Post’s Underwriting Club.