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Biba calls on government to cut IPT rate in Autumn Budget

2024-09-12T13:00:00

red briefcase budget UK#]

’The government has the opportunity to make some specific interventions to help ease the financial burden on customers and help with the issues that we are seeing,’ says chief executive

Biba has called on the UK government to cut the rate of insurance premium tax from 12% to 10% in the upcoming Autumn budget. 

The broker body also called for the government to exempt IPT on insurance for multioccupancy buildings requiring or undergoing inflammable cladding remediation,  for cyber insurance.

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