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Manifesto 2022: Biba urges UK government to slash IPT to 10% in next Budget

By 2022-01-25T16:10:00

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The trade body further believes that IPT relief should be offered for cladding-linked property insurance, telematics-based motor policies and cyber cover

Broking trade association Biba is urging the UK government to reduce the rate of insurance premium tax (IPT) to 10% in the next fiscal Budget, to encourage a “greater uptake of insurance as an essential means of managing risk and building resilience in businesses and society”.

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