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.
IPT is rising as a share of flat motor premiums - and a new government creates the first political opening to address it in years
Could black box insurance become compulsory for young drivers?
NHS pressures keep health cover - and the tax it generates - elevated
For an insurance sector riding the biggest wave of private health demand in a generation, the timing is awkward
The findings add pressure on the government to act on road safety reform