Insurance Premium Tax

(asked on 4th September 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 17 July 2017 to Question 4505, if he will make it his Department's policy to (a) monitor behavioural responses resulting from any change associated to prices of general insurance products following the recent increase in insurance premium tax and to (b) publish the findings of such monitoring.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 12th September 2017

Pricing is a commercial decision for insurers which is affected by a wide range of factors and the taxes that insurers have to pay are just one part of this.

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