The 2017 Spring Budget (the Fazer-related bits)

[andybesy]

The insurance premium tax is going up again and again. Only a couple of years ago it was 6% - now 12%.

I don't think VAT is charged on insurance and so I wonder if they intend to steadily increase to match the VAT rate?

It has a big impact on home insurance too, and other instance products which affect small businesses in particular.

Andy