Treasury's IPT receipts surpass £7bn
The Treasury collected a record £7.34bn in insurance premium tax receipts during the 2022/23 financial year, analysis by actuarial consultancy OAC has revealed.
The figure represents an uptick of 11% from the 2021/22 financial year, when IPT receipts totalled £6.63bn, and an 18% increase on the £6.2bn collected five years ago during the 2018/19 financial year
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