Research and reports
Insurance Premium Tax (IPT) is a tax charged on all general insurance premiums, including commercial and landlord insurance. The rate is set by HMRC.
As of 1st June 2017, the standard rate is 12% (an increase on the previous rate of 10%).
Everyone who buys insurance needs to pay tax on it. However, as this is charged at the same percentage for all insurers, the amount of tax you pay won't affect the relative cost of your insurance premium. We highlight this because we think it’s important to be upfront about the tax you pay on your insurance premium.
6th Floor99 Gresham StreetLondonEC2V 7NG
Sol House29 St Katherine's StreetNorthamptonNN1 2QZ
© Copyright 2023 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.