Health insurance industry relieved by Budget

Spring Budget 2020

Adam Saville
clock • 3 min read

AMII, BIBA and CII react to Chancellor’s decision not to increase insurance premium tax (IPT) in Budget

Leading members of the health insurance industry have welcomed the Chancellor's decision not to intensify the tax burden placed on health insurance in the face of troubling economic times ahead. Association of Medical Insurers and Intermediaries (AMI) executive chairman Stuart Scullion said: "We are pleased that Chancellor Rishi Sunak [pictured] has not increased Insurance Premium Tax (IPT) - it would have been an easy decision to hit long-suffering employers, employees and consumers as a means of raising tax revenues. "Against the current global health backdrop of the COVID-19 outbre...

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