Legal News

ABI research highlights widespread lack of awareness of IPT

Published on: 29 February 2024
Published by LNB News

LNB News 29/02/2024

Document Information

Issue Date: 29 February 2024

Published Date: 29 February 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Association of British Insurers (ABI) has published new research as part of its campaign calling for the government to cut Insurance Premium Tax (IPT). The research reveals over two thirds of people (67%) have little or no knowledge of IPT and 50% said they were unaware of the impact that IPT had on their insurance costs.

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