The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the types of supplies that are liable to the higher rate of IPT. This note should be read in conjunction with the following guidance notes:
The higher rate of IPT will only be applicable to insurance premiums related to a motor car / motor cycle where the contract of insurance is arranged through or supplied by:
The higher rate will apply to insurance sold by the above parties regardless of whether any goods or services are actually purchased unless the business has supplied ordinary motor insurance (see below).
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