§ Mr. BreedTo ask the Chancellor of the Exchequer if he will exclude the bee keeping industry from(a) insurance premium tax, (b) filing fees to the Financial Services Authority and (c) the Financial Services Compensation Scheme; and if he will make a statement. [63523]
§ Ruth KellyInsurance Premium Tax is a consequence of writing contracts of general insurance and it applies to almost all general insurance where the risk is in the UK.
The FSA are aware of the concerns of the Bee Diseases Insurance Limited and discussions are ongoing.