Tax rate information according to the Duties Act 2000.
General insurance policies
10% of the gross premium received is payable by the insurance company.
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Abolition of duty on business insurance premiums
Duty on premiums paid in relation to contracts of business insurance will be abolished over a 10-year period from 1 July 2024. There will be a reduction of 1% per annum to the rate of insurance duty until it is abolished from 1 July 2033.