Policy papers and consultations

This measure will give HMRC powers to make regulations to move Insurance Premium Tax forms from secondary legislation and into a public notice, by way of a statutory instrument.

• From: HM Revenue & Customs
• Updated: 15 March 2023

• Insurance Premium Tax - power to make regulations by references to notices

  Who is likely to be affected This measure will affect insurance providers…

This measure will give HMRC powers to make regulations to move Insurance Premium Tax forms from secondary legislation and into a public notice, by way of a statutory instrument.

• From: HM Revenue & Customs
• Updated: 20 July 2022

• Insurance Premium Tax: power to make regulations by reference to notices

  Who is likely to be affected This measure will affect insurance providers…

• Draft legislation accessible version

  1 Insurance premium tax: power to make regulations by reference to notices…

We welcome views on these proposals to improve the administration of Insurance Premium Tax (IPT) and prevent unfair outcomes.

• From: HM Revenue & Customs
• Updated: 30 November 2021

This measure relocates the criteria for determining a location of risk for Insurance Premium Tax.

• From: HM Revenue & Customs
• Updated: 27 October 2021

We welcome views about the operation of Insurance Premium Tax and changes that may help to ensure that it continues to operate fairly and efficiently.

• From: HM Revenue & Customs
• Updated: 21 July 2020

This measure deals with changes to Insurance Premium Tax anti-forestalling legislation.

• From: HM Revenue & Customs
• Updated: 8 March 2017

This tax information and impact note applies to the increased rate of Insurance Premium Tax (IPT) paid on premiums which are taxed at the standard rate of IPT by 2%.

• From: HM Revenue & Customs
• Updated: 5 December 2016

This tax information and impact note prescribes the tax regime, in regulations, for vehicles issuing insurance linked securities (ILS).

• From: HM Revenue & Customs
• Updated: 23 November 2016

This tax information and impact note applies to all insurers who provide non-exempt insurance cover for UK risks and the brokers and agents who act for them.

• From: HM Revenue & Customs
• Updated: 16 March 2016

This draft legislation inserts a new paragraph 7A to Schedule 7A to the Finance Act 1994.

• From: HM Revenue & Customs
• Updated: 8 September 2014