What’s this all about? From 1st November 2015 the rate of Insurance Premium Tax (IPT) is due to change from 6% to 9.5% for any new policies or renewals How does this affect you? We’ve already started issuing renewals and quotes for new business with a start date of 1st November and later and wanted […]
Read More →Insurance Premium Tax (IPT) is due to change from 6% to 9.5%
on October 9, 2015in Financial News, Insurance Newstags: insurance premium tax
Budget results in insurance premium tax increase of over 50%
on July 22, 2015in Financial Newstags: insurance premium tax, travel insurance
The recent budget delivered many changes with winners and losers all round; insurance being one of the losers. The government has announced that Insurance premium tax (IPT) will increase by over 50% (6% to 9.5%) from 1st November 2015 and is forecast to generate around £1.75 billion a year for the Treasury. Travel insurance is […]
Read More →Vehicle Tax Changes
on September 24, 2014in Financial News
Dont forget, From 1 October 2014, the paper tax disc will no longer need to be displayed on a vehicle. If you have a tax disc with any months left to run after this date, then it can be removed from the vehicle and destroyed. This includes customers with a Northern Ireland address, however they […]
Read More →Mandate Fraud
on August 7, 2014in Financial News
Mandate fraud occurs when criminals impersonate a company’s suppliers and convince the company to change the bank account details they hold for that supplier. The next time they order goods or services from that supplier the payment goes to the fraudster instead of the supplier. According to an article from PWC, mandate fraud is increasing […]
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