Commentary

V18.137 Cancellation of registration for taxable intermediaries

Part V18 Insurance Premium Tax

V18.137 Cancellation of registration for taxable intermediaries

V18.137 Cancellation of registration for taxable intermediaries

A taxable intermediary who ceases to have the intention of charging taxable intermediary's fees shall notify HMRC1. Within 30 days of it having ceased to have the intention to charge taxable intermediary's fees, it shall notify HMRC in writing of2:

  1.  

    •     the date on which it ceased to charge taxable intermediary's fees, and

  2.  

    •     if different, the date on which the last fee was received

Provided that HMRC is satisfied that the taxable intermediary no longer intends to receive fees its registration can be cancelled with effect from the earliest practicable date3.

The registration of

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