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HMRC internal manual

Insurance Premium Tax

Procedure tables: incorrect date of registration

Where the EDR is an earlier date than that given by the trader and recorded on the IPT database, LIPTOs should:

  • establish the correct EDR,
  • ask BTOps to correct the EDR on the IPT register,
  • calculate the tax liability as precisely as possible, based on the information available, and
  • consider the possibility of a belated notification penalty (before 1 April 2010) and failure to notify penalty (from 1 April 2010) (see IPT10075).

BTOps will consult the LIPTO before issuing any returns for the periods not previously accounted for. LIPTOs should consider whether penalties should be inhibited.