Pipeline PTA cases will get tax relief

In a statement released today, HMRC says so-called pipeline cases – where the policy was applied for on or before 6 December but had not yet been issued – will continue to benefit from tax relief and will be unaffected by the announcement in the pre-Budget report. Where an application was fully completed but not received by an insurance company on or before 6 December, HMRC says if receipt was recorded by midnight on 13 December the existing tax relief will apply, provided the sum assured issued is not greater than that applied for on or before 6 December. Insurers will have until 5 Apri...