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Insurance Premium Tax

EDM number 543 in 2017-19, proposed by Nigel Evans on 15/11/2017.
Categorised under the topic of Taxation.

That this House notes that insurance premium tax (IPT) has doubled since 2015; further notes that, since it was introduced in 1994, IPT has risen at a faster rate than tax on tobacco; understands that IPT now accounts for more tax revenue than duty on beer, cider and spirits; believes that IPT unfairly penalises people, families and businesses who are doing the right thing in protecting themselves, their possessions and their livelihoods; agrees with Amanda Blanc, CEO of AXA UK, who described recent rises in IPT as an unwarranted attack on millions of people simply looking to protect themselves; recognises that a further rise in IPT would effect those people least able to pay increased insurance costs such as young drivers; and calls on the Government to commit to freezing the rate of lPT for the rest of the 2017 Parliament in Budget 2017.

This motion has been signed by a total of 17 MPs.

Nigel Evans15/11/2017Ribble ValleyConservativeProposed
Gavin Robinson16/11/2017Belfast EastDUPSeconded
Thelma Walker16/11/2017Colne ValleyLabourSeconded
Bob Blackman16/11/2017Harrow EastConservativeSeconded
Daniel Kawczynski20/11/2017Shrewsbury and AtchamConservativeSeconded
Jared O'Mara20/11/2017Sheffield, HallamIndependentSeconded
Angus MacNeil20/11/2017Na h-Eileanan an IarScottish National PartySigned
Alan Brown20/11/2017Kilmarnock and LoudounScottish National PartySigned
David Amess20/11/2017Southend WestConservativeSigned
Hannah Bardell21/11/2017LivingstonScottish National PartySigned
Marie Rimmer21/11/2017St Helens South and WhistonLabourSigned
Martyn Day21/11/2017Linlithgow and East FalkirkScottish National PartySigned
Stephen Gethins21/11/2017North East FifeScottish National PartySigned
John McNally21/11/2017FalkirkScottish National PartySigned
Chris Law21/11/2017Dundee WestScottish National PartySigned
David Linden27/11/2017Glasgow EastScottish National PartySigned
Drew Hendry08/01/2018Inverness, Nairn, Badenoch and StrathspeyScottish National PartySigned

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