Following the recent budget, the Chancellor has raised the standard rate of Insurance Premium Tax from 6% to 9.5% for all policies either incepted or renewed on or after the 1st of November 2015. Please take this into consideration when carrying out your renewal review and calculating budgets for the forthcoming year.
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Important Policy Condition
Are you in recess from May to September? In the event that your premises are unoccupied/no regular meetings are being held, you must ensure that you are complying with the unoccupied premises condition
Insurance Premium Tax
The Government has announced that it would be increasing the standard rate of Insurance Premium Tax (IPT) from 10% to 12% with effect from the 1st of June 2017 for all new business and renewals.
Insurance Premium Tax
The Government have announced that it would be increasing the standard rate of Insurance Premium Tax (IPT) from 9.5% to 10% with effect from the 1st of October 2016 for all new business and renewals.
Christmas & New Year Watch List
It is is essential if arranging new or unusual events that you conduct full risk assessments for all new activities
Fire
We recently embarked upon a programme of conducting Fire Risk Assessment surveys for our clients with a view to establishing just how well you are complying with Health and Safety expectations regards Fire Safety.
Insurance Premium Tax
Following the recent budget, the Chancellor has raised the standard rate of Insurance Premium Tax from 6% to 9.5% for all policies either incepted or renewed on or after the 1st of November 2015.