WPA: IPT rise is ‘a drop in the ocean’

WPA has said that it believes the 1% increase in Insurance Premium Tax (IPT) will not have a major impact on its operations or the PMI sector.Charlie MacEwan, WPA corporate communications director, told HMN: ‘The industry was fearing a 5% rise in IPT or, at worst, parity with VAT. The best case scenario was no…