News extra: The great insurance premium tax take


As hauliers face yet another rise this summer in insurance premium tax, MT looks at what action industry can take to lessen its impact Hauliers have not taken kindly to the government’s decision to once again hike the tax on insurance premiums. The tax rise, announced by Chancellor of the Exchequer Philip Hammond in the Autumn Statement, sees insurance premium tax (IPT) increase from 10% to 12% in June 2017. This follows an earlier hike to the tax which saw […]