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IPT increase will cost drivers £386m
- 29/10/2015
- Posted by: Simon Wait
- Category: News
Next week’s increase in insurance premium tax from 6% to 9.5% is due to cost motorists an extra £386m a year, taking their insurance tax contribution to over £1bn for the first time. RAC analysis of industry figures reveals that the tax hike – which comes into effect on Sunday (1 November 2015) – is yet [...]