§ Mr. LidingtonTo ask the Chancellor of the Exchequer what the cost was of collecting and administering insurance premium tax in 2000–01. [31550]
§ Ruth KellyThe cost to HM Customs and Excise in collecting and administering insurance premium tax in 2000 –01 was £2 million in net current expenditure.
§ Mr. LidingtonTo ask the Chancellor of the Exchequer what assessment he has made of the impact of insurance premium tax on the ability of British insurance companies to compete against foreign insurance suppliers for British customers. [31549]
§ Ruth KellyInsurance premium tax applies equally to general insurance of risks in the UK, regardless of the location of the insurer.