Accounting for Insurance Premium Tax: IPT Accounting Provisions: IPT Return Forms
IPT Returns (Form IPT 100) are submitted on-line by:
- agents (appointed by overseas insurers), or
- IPT groups
who should log into the online account and complete the return in accordance with the notes on the form. The return will cover a period of three calendar months. Information can be found at https://www.gov.uk/government/publications/insurance-premium-tax-send-your-online-return-ipt100
The return must be submitted by the due date within a month of the end of the period covered by the return. Therefore, the insurer or their agent has a month to complete and submit the return.