United Kingdom · Question · Written question
UIN 1401
Motor Insurance: Insurance Premium Tax
Introduced
23 July 2024
Last action
31 July 2024 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
31 July 2024
Summary
To ask the Chancellor of the Exchequer, whether she plans to review Insurance Premium Tax for car insurance.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
23 July 2024
Written question
To ask the Chancellor of the Exchequer, whether she plans to review Insurance Premium Tax for car insurance.
Source: Commons
31 July 2024
Answer
IPT is a tax on general insurance premiums currently charged at two rates: a standard rate at 12%, including car insurance, and a higher rate at 20%.The Chancellor makes decisions on tax policy at fiscal events.
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-07-23/1401
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1723017
- uk · wq-1723017 · source updated 31 July 2024