Insurance Premium tax

Figure up to £4.5bn

More customers are using health services through protection

£8.1bn collected in 23/24

Reflects growing tax burden on households

"Corporate Britain of all shapes and sizes are going have to step up"

One million claims made in 2022

Insurance Premium Tax receipts rise by over a quarter in the past year

Ahead of Spring Budget

To help with cost of living crisis

Call for IPT to be reduced to 10%