Tax revenue raised from insurance premiums in the United Kingdom has steadily increased recently, and in the most recent year the revenue amounted to approximately 8.15 billion British pounds, compared with 1.7 billion British pounds in 2000/01.
Insurance premium tax receipts in the United Kingdom from 2000/01 to 2023/24
(in billion GBP)
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HM Revenue and Customs. (April 23, 2024). Insurance premium tax receipts in the United Kingdom from 2000/01 to 2023/24 (in billion GBP) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/
HM Revenue and Customs. "Insurance premium tax receipts in the United Kingdom from 2000/01 to 2023/24 (in billion GBP)." Chart. April 23, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/
HM Revenue and Customs. (2024). Insurance premium tax receipts in the United Kingdom from 2000/01 to 2023/24 (in billion GBP). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/
HM Revenue and Customs. "Insurance Premium Tax Receipts in The United Kingdom from 2000/01 to 2023/24 (in Billion Gbp)." Statista, Statista Inc., 23 Apr 2024, https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/
HM Revenue and Customs, Insurance premium tax receipts in the United Kingdom from 2000/01 to 2023/24 (in billion GBP) Statista, https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/ (last visited December 22, 2024)
Insurance premium tax receipts in the United Kingdom from 2000/01 to 2023/24 (in billion GBP) [Graph], HM Revenue and Customs, April 23, 2024. [Online]. Available: https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/