#IPTsUnfair – The Raid on the Responsible

In less than two years, the Government has doubled the Insurance Premium Tax (IPT) burden from 6% to 12%. The tax is payable on most general insurance policies, as well as commercial insurance taken out by businesses. Independent experts say that IPT costs per-household are set to rise above £200 in 2018.

If the Chancellor increases it once again in this year’s Budget, millions of British households and businesses will be affected even more.  

Another hike would mean another cost passed directly onto hard-pressed families. This could dissuade them from protecting essentials like their homes, health, vehicles and pets.

The idea of taxing people simply for doing the responsible thing by buying insurance is absurd. It’s like taxing people for locking their front doors, or stopping at a pedestrian crossing. If you raise taxes on insurance you will discourage people from insuring themselves.

Shouldn’t we be encouraging those who are taking proper precautions and being responsible, rather than discouraging them?  

If you, like us, oppose another increase in Insurance Premium Tax, then speak out. Watch and share our video and stand up against another hike once and for all, because quite frankly, #IPTs Unfair.

 

Content produced and sponsored by The Association of British Insurers (ABI)




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Tory MP Nick Boles says what everyone thinks…

“There is a timidity and lack of ambition about Mrs May’s Government which means it constantly disappoints. Time to raise your game, Prime Minister.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Local Labour Members Want Jared Deselected Local Labour Members Want Jared Deselected
Last Days at BuzzFeed Last Days at BuzzFeed
Bolton: She Came Round But I Didn’t Sleep With Her Bolton: She Came Round But I Didn’t Sleep With Her
Jared Victim: He Shouldn’t Be Back in Westminster Jared Victim: He Shouldn’t Be Back in Westminster
Sick Jared Back to Work Sick Jared Back to Work
Ann Black Purged by Red Terror Ann Black Purged by Red Terror
Parole Board Admit Processes Breached Parole Board Admit Processes Breached
Paul Mason: Aggressive and Intimidating Paul Mason: Aggressive and Intimidating
James O’Brien’s Carillion Fake News Goes Viral James O’Brien’s Carillion Fake News Goes Viral
O’Mara Hasn’t Helped a Single Constituent in Months O’Mara Hasn’t Helped a Single Constituent in Months
Credit Where Credit’s Due Credit Where Credit’s Due
Osborne on Carillion: Then and Now Osborne on Carillion: Then and Now
Paul Mason’s Column Axed Paul Mason’s Column Axed
Lord Pannick Backs Gauke’s Judicial Review Lord Pannick Backs Gauke’s Judicial Review
“Get On Your Knees, B*tch” Clive Lewis Returns to Labour Frontbench in Reshuffle” “Get On Your Knees, B*tch” Clive Lewis Returns to Labour Frontbench in Reshuffle”
Vulnerable Children’s Data Breached at Labour-Run Leicester City Council Vulnerable Children’s Data Breached at Labour-Run Leicester City Council
Dover Traffic at Record Levels Dover Traffic at Record Levels
10 Times Chris Williamson Wasn’t Sacked 10 Times Chris Williamson Wasn’t Sacked
Watch: Baroness Jenkin Drops C-Bomb in Lords Watch: Baroness Jenkin Drops C-Bomb in Lords
Worboys Victims Formally Ask CPS to Reassess 93 Unprosecuted Cases Worboys Victims Formally Ask CPS to Reassess 93 Unprosecuted Cases