Commentary

V18.128 Liability of the insured

Part V18 Insurance Premium Tax

V18.128 Liability of the insured

V18.128 Liability of the insured

If the insurer does not have a business establishment in the UK and is based in a territory that does not have a mutual assistance arrangement with the UK, then the insured can become liable for payment of the tax under regulations made under FA 1994, s 651. An agent can be appointed to deal with the insurers IPT requirements.

If the insurer has failed to make a complete return or has failed to pay any tax due, HMRC may serve a liability notice on the insured2. If there is more than one insured a

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