Tax revenue raised from insurance premiums in the United Kingdom has steadily increased in recent years , and in the most recent statistic the revenue amounted to approximately 6.42 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 2019/20 (in billion GBP)
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HM Revenue and Customs. (October 21, 2020). Insurance premium tax receipts in the United Kingdom from 2000/01 to 2019/20 (in billion GBP) [Graph]. In Statista. Retrieved January 28, 2021, 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 2019/20 (in billion GBP)." Chart. October 21, 2020. Statista. Accessed January 28, 2021. https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/
HM Revenue and Customs. (2020). Insurance premium tax receipts in the United Kingdom from 2000/01 to 2019/20 (in billion GBP). Statista. Statista Inc.. Accessed: January 28, 2021. 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 2019/20 (in Billion Gbp)." Statista, Statista Inc., 21 Oct 2020, 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 2019/20 (in billion GBP) Statista, https://www.statista.com/statistics/284349/insurance-premium-tax-receipts-collected-in-the-united-kingdom-uk/ (last visited January 28, 2021)