To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of extending the Insurance Premium Tax exemption to lifeboat services that operate on inland waterways, lakes and reservoirs.
IPT is forecast to raise £8 billion in 2023/24 and this revenue helps to fund vital public services including the NHS and social care.Insurance pricing is a decision which is affected by a wide range of factors, and the taxes that insurers pay are just on...
Lifeboats: Insurance Premium Tax