Tax
Brexit: The location game
With Brexit negotiations now launched, insurers are taking steps to secure their access to the European market. How many will follow Lloyd's to Belgium?
Blog: The apprenticeship levy might not be as bad as you think
After two years of waiting – and wondering – the apprenticeship levy is upon us. And so, for those of you with an annual paybill of over £3m, you’ll now be paying 0.5% of that to HMRC.
Chancellor’s budget of ‘little comfort’ to insurers
Chancellor Philip Hammond's Spring budget is of "little comfort" to insurers due to recent insurance premium tax hikes, trade bodies say.
Apprenticeships: A radical overhaul
The radical overhaul by the government of the apprenticeship scheme - with the core aim of creating three million new apprentices by 2020 - is set to have a major impact on recruitment and training in the insurance industry, potentially reaching far…
Brokers believe further IPT increases will stop consumers buying insurance
Nine out of 10 brokers anticipate that households and businesses will dramatically scale back their insurance if insurance premium tax increases in the forthcoming Budget.
Tax and exchange rates set to push up home insurance costs
Tax and exchange rates will push up home insurance costs with the average premium rising by 1.8% to £124.
Motor premiums reach highest levels ever, says ABI
Motor premiums hit their highest recorded levels last quarter and rose more than five times the rate of inflation in 2016.
Public bodies forced to self-insure due to government cost cutting
The government is pushing public bodies to dramatically cut their commercial insurance costs, a Post investigation can reveal.
PWC names Delbridge London market leader
PWC has appointed Paul Delbridge as London market insurance leader.
Government apprenticeship reforms carry 'spectre of unintended consequences' says CII
The Chartered Insurance Institute said it is concerned over the “spectre of unintended consequences” following the implementation of the government’s planned apprenticeship levy.
Biba launches its 2017 manifesto
The British Insurance Brokers’ Association has called for the government to commit to no further increases to Insurance Premium Tax and to negotiate for single market access in the EU exit.
Government urged to exempt charities from IPT
Specialist charities insurer Access Insurance has launched a campaign calling on government to exempt the charities sector from insurance premium tax.
None of the revenue from IPT rise to be spent on flood defences
None of the revenue generated from the recent increase in Insurance Premium Tax has been ring-fenced for flood defences, Post can reveal.
IPT: higher and higher
Wasn't expecting that... The lyrics from the Jamie Lawson song could apply to insurers, following the latest hike in insurance premium tax.
Treasury increasingly reliant on tax receipts from insurance firms
The UK’s financial services sector contributed £71.4bn in taxes in the year to March 2016 with banks and insurers being the biggest contributors.
IUA: Single market access is key Brexit concern
The London insurance market must maintain access to the single market following Brexit negotiations, the International Underwriting Association has warned.
Lib Dems urge rethink on IPT increase
An early day motion has been raised by the Liberal Democrats’ leader for the government to rethink its decision to increase the insurance premium tax.
UK's IPT now 6th highest in Europe
The UK now has the 6th highest standard rate of insurance premium tax in Europe, coming after Germany, Greece, Italy, the Netherlands and Finland.
Motor premiums continue to rise into third quarter
The average comprehensive motor insurance premium has risen by 9% over the last year, according to the Association of British Insurers.
Biba urges Chancellor not to increase Insurance Premium Tax
The British Insurance Brokers' Association is urging the government not to increase Insurance Premium Tax in the Autumn Statement.
Motor premiums have risen by a fifth in the past year
Average UK comprehensive motor premiums have risen £100, or 17.3%, over the past year.
Insurance premium tax goes up to 10% in second increase in less than a year
Insurance premium tax rates will go up to 10% tomorrow, marking an overall rise of 66% in less than a year.
Average UK car insurance premium rose by 13% over past year
The average car insurance premium in the UK has risen by 13.5% over the past year as the industry continues to battle against a surge in costly claims.
Week in Post: CMC impersonators, NED worries, and a Team GB gold medal winner
Sitting in my front room on Saturday morning I took a phone call from a claims management company.