For information I have received this email from Morton Michel today -

Insurance Premium Tax: Increase to standard rate

The first budget of the new government included a surprise increase in the Insurance Premium Tax, from 6% to 9.5%. It is being brought in quite fast, and the insurance industry was not warned in advance!

The change will apply to all new premiums from November, and all premiums whenever the contract was issued from March.

With little time to prepare for this substantial rise, the industry will have to pass on the cost to consumers and businesses.

More information on the blog here - https://www.*****************/ChildcareInsuranceBlog/.