Skip to main content

Insurance Premium Tax

Volume 301: debated on Wednesday 19 November 1997

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer when the review of insurance premium tax, with particular reference to the travel industry, will be completed. [16201]

[holding answer 17 November 1997]: There is no general review of insurance premium tax. However, as is usual with significant new tax measures, I have asked officials in Customs and Excise to monitor the effect of the introduction of the higher rate of insurance premium tax. It is too early yet to draw any firm conclusions from this monitoring process and I expect that is will continue into the New Year.