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HMRC internal manual

VAT Insurance

From
HM Revenue & Customs
Updated
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VAT and Insurance Premium Tax (IPT): What you should look out for: Higher rate contracts

This is most likely to occur on visits to businesses selling insurance liable to the higher rate of IPT - see VATINS8130. These businesses may not realise that higher rate IPT is due on the insurance they are selling or they may try and argue that the insurance falls outside the higher rate.