Submitted on Saturday 20th August 2016
Published on Thursday 25th August 2016
Current status: Closed
Closed: Saturday 25th February 2017
Signatures: 16
Tagged with
Remove the Insurance Premium Tax
A tax known as IPT (Insurance Premium Tax) was added to all insurance policies by the last government and was originally levied at 6%. Recently this has risen to 9% and due to become 10% in October 2016.
On a £500 insurance policy this adds a tax (for the privilege of taking out a policy, be it house insurance, car insurance, holiday insurance and pet insurance) of £50 to your Policy and pro rata according to the amount you pay for your Policy. This is a statutory amount payable on EVERY policy you take out and so you are paying this tax on every Policy you have. You are not paying once, but a number of times. The IPT compulsory charge is making insurance policies unaffordable and is yet another `hidden` tax which is making us all poorer. Please sign the Petition to have IPT removed.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
3.21.46.24 Thu, 21 Nov 2024 11:35:40 +0000
