The upcoming budget

Seems like Osborne may increase insurance premium tax (IPT) again following on from the increase last November. Before you get upset about paying extra, you should be aware that this is apparently NOT a tax on you, but on the insurance companies.

Edmund King, the president of the AA, said it was ridiculous that the insurance industry might be singled out.

"Treasury minister Harriett Baldwin MP told us in a letter, 'IPT is not a tax on consumers but on insurance companies,' which is like saying fuel duty is not a tax on drivers but on petrol stations," he said.

http://ift.tt/1TBHsUj

Feel free to add your very own "parallel universe" thinking.

Let's block ads! (Why?)

The upcoming budget