HC Deb 10 February 1994 vol 237 c381W
Mrs. Beckett

To ask the Chancellor of the Exchequer what are his plans for the rate of insurance premium tax, which is currently charged at 3 per cent.

Sir John Cope

The Government's proposals for the insurance premium tax are included in the Finance Bill currently in Committee. The rate chosen reflects careful consideration of a range of factors, particularly the revenue yield and the impact on the taxpayer.