The Irish Insurance Federation (IIF) has called for the abolition of the tax on non-life premiums.

In its 2003 pre-budget report the Federation called for a raft of new industry measures, notably the abolition of the 2% stamp duty on non-life premiums.

The submission also proposed an option for insurers to estimate preliminary tax liability by reference to the previous year.

The alternative offers an extension of the period of adjustment for preliminary tax by reason of chargeable gains arising, after first payment.

The IIF also called for the simplification of the Irish pensions regime.

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