Insurance Premium Tax increase from 1st October 2016

Insurance Premium Tax increases from 9.5 to 10% from Saturday 1^st October 2016. The government’s reason for this to “fund flood defences and resilience”.

For more info: https://www.gov.uk/government/publications/changes-to-insurance-premium-tax-increase-to-standard-rate/changes-to-insurance-premium-tax-increase-to-standard-rate