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Insurance Premium Tax Change 2016

HM Revenue & Customs announced on 16 March 2016 that the standard Insurance Premium Tax (IPT) rate would be increased from 9.5% to10% from 1st October 2016. Click on the link below to find out who will be affected by the new rules and what happens if you need to make an adjustment to your policy outside of your standard renewal cycle.

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Business Insurance: Are you covered where it counts?

Businesses are tricky things, and insuring them can be one of the trickiest things of all. Insurance can be confusing and that’s why getting the right insurance company or broker is so important. They can get to grips with your operation, explain all the features and find, or create, a policy which fits best. 

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Insurance Premium Tax Change

In the summer budget, the Chancellor of the Exchequer George Osborne announced that the standard Insurance Premium Tax (IPT) rate would be increased from 6% to 9.5% from 1st November 2015. Here we briefly outline who will be affected by the new rules and what happens if you need to make an adjustment to your policy outside of your standard renewal cycle.

Insurance Premium Tax Change

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Are You Covered Where it Counts?

According to recent research, over half of all UK businesses could be underinsured*.   The same research suggests that millions of firms do not have adequate cover for elements like Employers Liability Insurance meaning they could be breaking the law and leaving themselves open to pay thousands of pounds in fines.

The FSB Insurance Service offer the following handy hints...

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You and ROI

ROI are three letters that marketers like to talk about a lot. They stand for Return On Investment, which loosely translates as the amount of money you get back for the money you spend on advertising.

Simply put, if you spend £500 on a series of adverts, how many phone calls do you want to receive from that?

If you were to spend £500 on a series of adverts, how many sales do you need to make in order to get that money back? How many more do you have to make to actually get a profit out of it?

ROI is really simple basic stuff, but it is shocking how many people don’t pay close enough attention to it.

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