{"id":3318,"date":"2017-05-03T15:19:01","date_gmt":"2017-05-03T15:19:01","guid":{"rendered":"https:\/\/dev.withcreative.co.uk\/lforl\/?p=3318"},"modified":"2017-05-03T15:19:01","modified_gmt":"2017-05-03T15:19:01","slug":"another-increase-insurance-premium-tax","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/lforl\/another-increase-insurance-premium-tax\/","title":{"rendered":"Another increase in Insurance Premium Tax"},"content":{"rendered":"

\"\"<\/a><\/p>\n

We feel like apologising for yet another increase in the standard rate of insurance premium tax (IPT) which will apply to policies with effect from 1<\/span>st<\/span><\/sup> June 2017, but of course, we don\u2019t have much say in Government policy. <\/span><\/p>\n

The Chancellor\u2019s decision to increase the rate from 10% to 12% seems harsh. Only two years ago, we had a rate of 6%. We know that this doubling of the tax has increased the cost burden on your business. We wish we didn\u2019t have to pass the increase on, but unfortunately, we work so hard to keep our premiums low that we have no choice. The increased rate will apply to all insurance policies from 1<\/span>st<\/span><\/sup> June. <\/span><\/p>\n

We believe that even with the increase our policies are excellent value. If you\u2019re worried about the extra cost, call us, and we\u2019ll check that the cover is still appropriate for your needs. Taxed or not, nobody should be paying for cover they don\u2019t need.<\/span><\/p>\n

You might find a bit of comfort from the fact that there wasn\u2019t another increase announced in the latest budget. If things change again, we\u2019ll let you know.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

We feel like apologising for yet another increase in the standard rate of insurance premium tax (IPT) which will apply to policies with effect from 1st June 2017, but of course, we don\u2019t have much say in Government policy. The Chancellor\u2019s decision to increase the rate from 10% to 12% seems harsh. Only two years […]<\/p>\n","protected":false},"author":2,"featured_media":11204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"yoast_head":"\nAnother increase in Insurance Premium Tax - Legal For Landlords<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.withcreative.co.uk\/lforl\/another-increase-insurance-premium-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another increase in Insurance Premium Tax - Legal For Landlords\" \/>\n<meta property=\"og:description\" content=\"We feel like apologising for yet another increase in the standard rate of insurance premium tax (IPT) which will apply to policies with effect from 1st June 2017, but of course, we don\u2019t have much say in Government policy. 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