What is Insurance Premium Tax?

Find out about Insurance Premium Tax (IPT)  and what it means for you.

Insurance Premium Tax (IPT) is a tax charged by the UK Government that’s payable on most insurance products. The total you pay for your pet insurance will include IPT.

IPT is increased from 9.5% to 10% on 1 October 2016. This is a result of a change in Government legislation.

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