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HMRC internal manual

Insurance Premium Tax

Accounting for Insurance Premium Tax: transitional accounting arrangements: relevant dates for transitional and anti-forestalling provisions

New rate *Announcement date    
(Budget Day)* *Implementation date    
(date of change)* *Concessionary date    
(transitional date)*      
2.5% November 1993 1 October 1994 -
17.5% 27 November 1996 1 April 1997 30 September 1997
       
4% 27 November 1996 1 April 1997 30 September 1997
       
17.5% extended to all travel insurance 17 March 1998 1 August 1998 31 January 1999
5% 9 March 1999 1 July 1999 31 December 1999
6% 22 June 2010 4 January 2011 None
20% 22 June 2010 4 January 2011 None