Notice IPT1: Insurance Premium Tax
This notice gives guidance on Insurance Premium Tax (IPT), what it is, who it applies to and how to pay it.
This notice cancels and replaces Notice IPT1 (February 2016) and Notice IPT2 (February 1999).
Published: 24 October 2014
Updated: 28 February 2017
- This notice has been updated to take account of the online form IPT100. Paper returns will no longer be automatically sent to you.
- Details the standard rate rise that came into effect 1 October 2016.
- This notice cancels and replaces Notice IPT 1 (May 2015) and Notice IPT 2 (February 1999). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.
- Details the new spacecraft exemption. Updates section on commissions received by intermediaries.
- First published.