Commentary

Division V18.1 Insurance premium tax

Part V18 Insurance Premium Tax

Division V18.1 Insurance premium tax

Part V18     Insurance Premium Tax

V18.1     Commentary

V18.2     HMRC Notices

V18.3     Cases and tribunal decisions

Division V18.1     Insurance premium tax

By John Davison

General principles of insurance premium tax (IPT)

Introduction to IPT V18.101

Location of risk V18.102

Exemptions from the tax V18.103

Power to change definition of 'taxable insurance contracts' V18.104

Insurance contracts covering taxable and non-taxable risks V18.105

Directions as to amounts of premiums V18.106

Rates of tax

Introduction V18.111

Higher rate V18.112

Connected persons V18.113

Taxable intermediaries and their fees V18.114

Change of rate V18.115

Change in rate of tax—anti-forestalling provisions V18.116

Credit

Credit V18.121

Accounting for the tax

Liability V18.126

The tax point V18.127

Liability of the insured V18.128

Administration

Definition of a person who must register V18.131

Application for

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