Since 1st June 2017, the standard rate of insurance premium tax applying to most general insurance is 12%.
Life and other long-term insurance is exempt.
A higher rate applies to some mechanical breakdown and travel insurance, and insurance sold with certain goods.
The higher rate is 20%.
Click Here to download the current tax year's abacus Tax Tables pdf booklet
Click Here to download the previous tax year's abacus Tax Tables pdf booklet
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