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Insurance Premium Tax
Publisher:
Copyright:
2019 Crown
Insurance Premium Tax
This guidance is aimed at HMRC staff who deal with Insurance Premium Tax issues.
GO
Contents
Contents
Expand All
Collapse All
IPT01100: Scope of this manual
IPT01200: Abbreviations and glossary
IPT01300: Policy objectives
IPT01400: Obtaining further help and information
Close section
IPT02000: The insurance industry
IPT02100: Purpose and outline of this section
IPT02200: What is insurance?
IPT02300: Types of insurance
IPT02400: Lloyd's
IPT02500: Brokers and other intermediaries
IPT02600: Insurance regulation
IPT02700: Further resources
Close section
IPT03000: Overview and the law
IPT03100: Purpose and outline of this section
IPT03150: Why we have an Insurance Premium Tax
IPT03200: UK Law
IPT03250: Where to find the relevant law
IPT03300: Scope of IPT
IPT03350: Value of a premium for IPT purposes
IPT03400: The rate of tax
IPT03450: Who is liable to account for IPT?
IPT03500: Insurers for IPT purposes
IPT03600: What is regarded as insurance?
IPT03650: What constitutes a contract?
IPT03700: How to determine whether there is a contract of insurance
Close section
IPT04000: Liability of insurance contracts
IPT04100: Purpose and outline of this section
IPT04200: Reinsurance
IPT04250: Long-term business
IPT04300: Risks outside the UK
IPT04350: Commercial ships
IPT04400: Lifeboats
IPT04450: Commercial aircraft
IPT04455: Spacecraft
IPT04500: Foreign or international railway rolling stock
IPT04550: The Channel Tunnel
IPT04600: Goods in foreign or international transit
IPT04700: Export finance
IPT04800: Motability contract-hire schemes
IPT04900: Higher rate of IPT
Close section
IPT05000: Calculating the value of the premium
IPT05050: Purpose and outline of this section
IPT05100: Importance of premium
IPT05150: Definition of premium
IPT05160: Separate contracts
IPT05200: Determining ‘any risk’
IPT05250: How the value of ‘any risk’ is determined
IPT05300: Costs of administration
IPT05350: The meaning of ‘commission’
IPT05400: The meaning of ‘facility to pay in instalments’
IPT05450: Premiums are inclusive of tax
IPT05500: Discounted premiums
IPT05550: Intermediaries
IPT05600: Premiums received other than in money
IPT05650: Contracts at less than open market value (OMV)
IPT05700: Retro rated policies
IPT05750: Employers' Liability Insurance
IPT05800: Types of contract covering exempt and taxable risks
IPT05900: The de minimis provision
Close section
IPT06000: Maintaining the IPT Register
IPT06100: Purpose and outline of this section
IPT06200: Registration
IPT06300: Overseas Insurers
IPT06400: Transfer of going concerns (TOGC)
IPT06500: Deregistration
IPT06600: Procedures for updating the IPT register
IPT06700: Insolvency, Death or Incapacity
IPT06800: Registration of taxable intermediaries
Close section
IPT07000: Accounting for Insurance Premium Tax
IPT07100: Purpose and outline of this section
IPT07200: IPT Accounting Provisions
IPT07300: Bad debt relief
IPT07400: Errors on IPT returns
IPT07500: IPT accounting schemes
IPT07600: The special accounting scheme
IPT07700: The cash receipt accounting method
IPT07800: Transitional accounting arrangements
IPT07900: Unjust enrichment
Close section
IPT08000: IPT audit assurance
IPT08050: Purpose and outline of this section
IPT08100: Roles and responsibilities
IPT08150: The purpose of IPT assurance
IPT08200: Legal provisions
IPT08250: Arrangements for visits
IPT08300: First visits
IPT08350: Mutual Assistance Directive
IPT08400: Accounts system overview
IPT08450: IPT Calculations
IPT08500: Visits to Lloyd's
IPT08550: London company market
IPT08600: Management of large insurers
IPT08650: Branch visits
IPT08700: Group registrations
IPT08750: Captive insurers
IPT08800: Agents of overseas Insurers
IPT08850: Assurance - miscellaneous matters
Close section
IPT09000: IPT assessments and other matters
IPT09100: Assessments
IPT09200: Fraud, avoidance and evasion
IPT09250: Civil penalties and reasonable excuse
IPT09300: Liability of Insured: Liability notices
IPT09350: Security
IPT09400: Reviews, appeals and tribunals
IPT09500: Incorrect advice to customers and misunderstanding
IPT09550: Assessments and misunderstandings
IPT09600: Complaints
Close section
IPT10000: Procedures
IPT10025: Registration of Groups
IPT10050: Waiver of requirement to submit IPT returns
IPT10075: Belated notification or failure to notify penalties
IPT10100: TOGC - Transfer of existing registration
IPT10125: Amending or correcting the IPT Register
IPT10150: Duplicate entries in the IPT Register
IPT10175: Invalid entries in the IPT Register
IPT10225: Incorrect date of registration
IPT10250: Amendments to registration date
IPT10275: Changes to group registration
IPT10300: Changes to bank account details
IPT10325: Insolvent insurers
IPT10350: Non-standard tax periods
IPT10375: Voluntary disclosures and errors
IPT10400: Applications to use the special accounting scheme
IPT10425: Issue of an officer's assessment
IPT10450: Amendment of an officer's assessment
IPT10475: Withdrawal of an officer's assessment
IPT10500: Liability notices - operational arrangements
IPT10525: Misunderstanding
IPT10550: Incorrect advice to customers
Close section
IPT11000: Annexes
IPT11100: Types of insurance
IPT11200: Providers of insurance
IPT11300: Reference material
IPT11400: Connected Persons - Section 1122 of the Corporation Tax Act 2010
[18.208.202.194]
18.208.202.194
