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Insurance industry backs unchanged IPT amid Spring Budget 2021 – but should it be cut completely?

By 2021-03-04T08:17:00

budget 2021

IPT remains unchanged in the Spring Budget 2021, although the insurance industry largely welcomed this, some have raised concerns that costs are being passed on to policyholders

The insurance industry has largely welcomed insurance premium tax (IPT) remaining unchanged in yesterday’s Spring Budget 2021, while others have raised their concerns. 

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