Insurance News
Latest insurance news from Nowell & Richards Insurance Services Ltd.
I P T Changes
Effective Date 4th January 2011
New Rates
Standard rate 6% (from 5%)
Higher rate 20% (from 17.5%)
MMA Insurance plc uses the special accounting scheme therefore the inception or renewal date is the tax point. The only higher rated product underwritten is Travel. The effect of this is as follows:
Application
| New business | Travel only | All Other Products |
| Inception date up to 3 January 2011 | 17.5% | 5% |
| From 4 January 2011 | 20% | 6% |
| Renewals | Travel only | All Other Products |
| Renewal date up to 3 January 2011 | 17.5% | 5% |
| From 4 January 2011 | 20% | 6% |
| Additional premiums | Travel only | All Other Products |
| Effective date up to 3 January 2011 | 17.5% | 5% |
| From 4 January 2011 | 20% | 6% |
| Refunded premiums / Cancellations | Travel only | All Other Products |
| Effective date up to 3 January 2011 |
17.5% | 5% |
| Effective from 4 January 2011 (inception/renewal up to 3 January 2011) |
17.5% | 5% |
| Effective from 4 January 2011 (inception/renewal date from 4 January 2011) |
20% | 6% |
Performance Car Insurance for Aston Martin, Bentley, Ferrari, Lamborghini, Maserati & Porsche
http://www.nowellandrichards.co.uk/car-insurance.aspx
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http://www.nowellandrichards.co.uk/home-insurance.aspx
High Net Worth Insurance
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Commercial Insurance, Financial Services, Travel Insurance, Warranty, Prestige Car Finance & More
http://www.nowellandrichards.co.uk/other-services.aspx
Performance Car Insurance
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All information in this website is intended for the UK insurance market only.
Nowell & Richards Insurance Services Limited are authorised and regulated by the Financial Services Authority # 190660.
Registered in England No. 3754519. Registered Office: Carfax House, 4-5 Ferranti Court, Staffordshire Technology Park, Stafford, ST18 0LQ
Tel: 01785 255514 Fax: 01785 247633 Email: Web: www.nowellandrichards.co.uk
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