IPT07860 - Accounting for Insurance Premium Tax: transitional accounting arrangements: relevant dates for transitional and anti-forestalling provisions

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
9.5%	8 July 2015	1 November 2015	29 February 2016
10%	16 March 2016	1 October 2016	31 January 2017
12%	8 March 2017	1 June 2017	New implementation arrangements applied