Reflecting the practical issues around an overly swift introduction of the levy, the introduction of the new life assurance levy has been delayed for two months. The first return for the new life assurance levy is due by 31 October, in respect of premia received between 1 August 2009 (and not 1 June as originally announced by the government) and 30 September 2009. Incidentally, the increase in insurance premium tax on non-life insurance policies (from 2 to 3 %) applies to premiums received on or after 1 June 2009 (as originally announced) in respect of offers of insurance or renewals issued on or after 8 April.