Insurance Premium Tax

Insurance Premium Tax (IPT) is a fiscal levy imposed on insurance premiums in many jurisdictions, significantly affecting the total cost of coverage for policyholders and the competitive positioning of insurers. Professionals must navigate complex, country-specific rules on rates, exemptions, and cross‑border placements, ensuring accurate calculation, reporting, and remittance. Missteps in IPT compliance can result in penalties, reputational damage, and friction with multinational clients, making robust tax governance and systems integration critical.

Read the latest Insurance Premium Tax news stories below!

IPT receipts edge past £2.17 billion as Q1 total nudges ahead of last year

INSURANCE NEWS

IPT receipts edge past £2.17 billion as Q1 total nudges ahead of last year

IPT is rising as a share of flat motor premiums - and a new government creates the first political opening to address it in years

Aviva calls for mandatory telematics insurance for young drivers

INSURANCE NEWS

Aviva calls for mandatory telematics insurance for young drivers

Could black box insurance become compulsory for young drivers?

Record health insurance demand sustains IPT near all-time high as fit note pilots launch

LIFE & HEALTH

Record health insurance demand sustains IPT near all-time high as fit note pilots launch

NHS pressures keep health cover - and the tax it generates - elevated

Burnham wins Makerfield - and the PMI market has a problem

LIFE & HEALTH

Burnham wins Makerfield - and the PMI market has a problem

For an insurance sector riding the biggest wave of private health demand in a generation, the timing is awkward

Young drivers twice as likely to crash, Aviva data shows

MOTOR & FLEET

Young drivers twice as likely to crash, Aviva data shows

The findings add pressure on the government to act on road safety reform

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