Autumn Budget 2024: OBR predicts rise in IPT haul

The new estimation has risen to £45.93 billion, up £3.53bn from the Spring Budget estimation of £42.4bn earlier this year. The amended forecast followed on from a record half-year for IPT, in which the  tax haul rose to a half-year-record of £4.5bn in receipts. Brett Hill, head of health and protection, Broadstone, commented: "Increasing numbers of employers funding healthcare benefits for employees due to concerns about NHS performance, followed by premium inflation as employees are forced to use these healthcare benefits to access the treatment they need, are undoubtedly contributin...