Budget 1999: Insurance tax rises by 1p

Wednesday 10 March 1999 01:02 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

INSURANCE PREMIUM tax will rise by a penny in the pound, raising pounds 250m a year for the Exchequer.

Insurance premium tax will now be levied at 5p, up from 4p last year. The Association of British Insurers said the move would add to upward pressure on insurance premium rates.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Budget 1999: Insurance tax rises by 1p

Join our commenting forum

Thank you for registering