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HMRC internal manual

Debt Management and Banking Manual

From
HM Revenue & Customs
Updated
, see all updates

Debt and return pursuit - Insurance Premium Tax: Who is liable to pay the debt? Unregistered customers

Some overseas insurers who write taxable risks do not notify us of their intention to receive taxable premiums and are not, therefore, registered by us for IPT.

It is the insurer’s obligation under the law to notify us of his intention to receive taxable premiums and it is our obligation to register anyone who is receiving taxable premiums.

Occasionally intermediaries who are aware that they are acting on behalf of a nunregistered overseas insurer collect the ‘tax’ that would have been due from the insurer had it been registered.

If you become aware that an intermediary holds money collected as tax on behalf of a nunregistered overseas insurer or if you receive a payment from an intermediary or insurer which cannot be allocated because the insurer is not registered, contact the local IPT officer.