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How to tackle the Insurance Tax increase

Posted By:      Posted Date: October 27, 2010    Points: 0   Category :ASP.Net

Hi, I work in the insurance industry and we are having to go through our code to check for any instances of hard-coding of 5% as the Insurance Tax (IPT) in increasing to 6%.

The increase comes in on 4th January 2011 I think. I've noticed in my initial investigations that we have some hard-coding of the 5% calculations, etc, and some of our tables hold 0.05 as the rating factor, etc.

The problem is the business is online and as it strikes midnight we would have to cater for the IPT increase. We also need to cater for existing business pre-IPT increase in terms of documentation, quotes, etc, to leave the 5% in.

Can anybody please recommend what approach they would take to resolve these problems?

Thanks in advance

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