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Small businesses fear IPT budget hike - #IPTsUnfair
Ahead of the Budget on 29th October, independent research commissioned by Allianz has revealed anxiety amongst SME business leaders that the Chancellor will increase Insurance Premium Tax (IPT) from its current standard rate of 12%.
85% of the SMEs that took part in the research said they were concerned about the financial impact on their businesses if there is another rise in the rate of IPT.
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