Insurance Premium Tax (IPT) increase from 01/10/2016

  • August 30, 2016

From 01 October 2016, the standard rate of Insurance Premium Tax (IPT) will rise by 0.5% from 9.5% to 10.0%. This is the second increase to IPT in less than twelve months. Reason for the increase in IPT The increase was…

Insurance Act 2015 – how does it affect you?

  • August 24, 2016

Background to the the Insurance Act 2015 The Insurance Act 2015 (the Act), a piece of legislation designed to modernise and support Britain’s insurance sector, became law on 12th February 2015, and applies to all commercial policies governed by UK…

Don’t Forget Your Complaints Handling Procedure!

  • November 12, 2015

In order to satisfy its regulatory requirements, every RICS regulated practice needs to have in place a Complaints Handling Procedure (CHP) to deal with complaints made against the firm. Even if your firm is not RICS regulated, a formal CHP…