Industry cries foul over IPT decision
The insurance industry has called on the Chancellor to reconsider a decision to apply insurance premium tax to fees on personal lines insurance sold through intermediaries.
The move, announced by Alistair Darling in his 2009 pre-budget report, could cost the industry up to £500m a year, according to Richard Asquith, managing director, TMF VAT & IPT.
The legislation
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