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Written question asked by Lord Barker of Battle (Conservative) on Monday, 13 February 2006, in the House of Commons. It was due for an answer on Wednesday, 15 February 2006. It was answered by Ivan Lewis (Labour) on Thursday, 16 February 2006 on behalf of the Treasury.


Insurance Premium Tax

Question
To ask the Chancellor of the Exchequer (1) whether he plans to bring forward reforms of insurance premium tax to reduce fraud;
Answer

There is no evidence of continuing or growing levels of fraud relating to insurance premium tax. The Government keeps all taxes under review with any changes being announced as part of the normal Budget process.Investigations into alleged insurance premium tax (IPT) fraud are carried out as part of HM Revenue and Customs' risk-based compliance strategy. The cost of investigating alleged IPT fraud is not separately identified.


Secondary information

Type
Written question
Reference
442 c2419W;442 c2419W; 52454
Session
2005-06
Subjects
Fraud Insurance companies Insurance premium tax
Link
View this Written question on www.publications.parliament.uk