Chancellor Would Be Wrong to Increase 'Tax on Responsibility'
November 17, 2017
November 17, 2017
LONDON, Nov. 17 -- The TaxPayers' Alliance issued the following news release:
The TaxPayers' Alliance today calls for the chancellor, Philip Hammond, to rule out any further increase in insurance premium tax. In the 2016 autumn statement, the chancellor hinted that insurance tax could ultimately end up on par with VAT (20 per cent). If it does, then it would be one of the government's top 10 tax revenues.
John O'Connell, Chief Executive of the TaxPayers' Alliance, said: . . .
The TaxPayers' Alliance today calls for the chancellor, Philip Hammond, to rule out any further increase in insurance premium tax. In the 2016 autumn statement, the chancellor hinted that insurance tax could ultimately end up on par with VAT (20 per cent). If it does, then it would be one of the government's top 10 tax revenues.
John O'Connell, Chief Executive of the TaxPayers' Alliance, said: . . .