HC Deb 16 March 1998 vol 308 cc441-2W
Mr. Pendry

To ask the Chancellor of the Exchequer what assessment he has made of the benefits to organisations with both travel and insurance interests of the different rates of insurance premium tax levied on travel insurance. [29537]

Dawn Primarolo

Organisations with both travel and insurance interests, the most typical examples being travel agents, will usually be paying the higher rate of insurance premium tax. However, travel agents often offer free insurance to assist their marketing of holidays, and in such cases they benefit from the standard rate of IPT on premiums paid to their insurance companies.