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IPT receipts crossed £1bn in July as Treasury set for record year

By 2025-08-21T13:00:00

treasury

‘Inflationary pressures on costs in the industry mean that premiums are increasing and the added burden of IPT risks putting cover out of reach for many,’ says head

Tax receipts from HMRC show that insurance premium tax (IPT) netted the government £1.03bn in July.

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