Insurance Premium Tax

Treasury written question – answered on 10th December 2002.

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Photo of Mr Andy King Mr Andy King Labour, Rugby and Kenilworth

To ask the Chancellor of the Exchequer how much was received from insurance premium tax (a) in the first year it was levied and (b) last year.

Photo of Mr Archy Kirkwood Mr Archy Kirkwood Chair, Work and Pensions Committee, Chair, Work and Pensions Committee

To ask the Chancellor of the Exchequer what has been the yield from taxing insurance premiums since 1997 in (a) cash and (b) real terms.

Photo of Ruth Kelly Ruth Kelly Financial Secretary, HM Treasury

Figures for receipts of insurance premium tax in cash terms are available in Table 2.1D of the Office for National Statistics publication, XFinancial Statistics".

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