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Lord Chancellor announces changes to personal injury compensation payments
On 27th February, Elizabeth Truss announced her decision to lower the Discount Rate from 2.5% to minus 0.75% in accordance with the law and in her capacity as independent Lord Chancellor. The new discount rate will come into effect on 20 March 2017, following amendments to current…
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IPT to increase from 10% to 12% from 1 June 2017
The Government will raise insurance premium tax from 10% to 12% from June next year Chancellor Philip Hammond said last month in his first Autumn Statement address to Parliament. The Government plans to net £4billion using the tax hike between 1 June 2017, when it…
