We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
Companies are likely to face marginally higher insurance costs on company cars (and other insurance policies) as the result of a 0.5% increase in Insurance Premium Tax.
The tax rises to 10% with immediate effect; having already been increased from 6% to 9.5% last year.
The move comes against a backdrop of trying to reduce insurance premiums by clamping down on fraudulent whiplash and other injury claims. Moves by the government announced last year have not yet had a material effect on premiums.
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
