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HMRC internal manual

Insurance Premium Tax

Accounting for Insurance Premium Tax: unjust enrichment: the reimbursement scheme: deregistered claimants

In some circumstances, insurers that are no longer registered for IPT may ask to operate the scheme. This is acceptable where:

  • the insurer was IPT-registered for the whole period of the claim; and
  • the insurer has the names and addresses of the consumers to be refunded.

If there is any doubt whether an insurer can abide by the terms of the scheme, the refund should not be made.