There will be no further increases to Insurance Premium Tax (IPT) this year, the Autumn Budget 2017 has revealed.
Millions of people and businesses will be hit with increased insurance bills as the Government's increase in Insurance Premium Tax (IPT) takes effect from today (1 June 2017).
Jeremy Corbyn has announced that a Labour Government would scrap hospital car parking fees by using funds raised from increasing Insurance Premium Tax (IPT) on private medical insurance (PMI) to 20%.
Liberal Democrat leader Tim Farron has urged the government to reconsider rising insurance premium tax (IPT) to 12%.