Notice

Notice IPT1: Insurance Premium Tax

This notice gives guidance on Insurance Premium Tax (IPT), what it is, who it applies to and how to pay it.

• From: HM Revenue & Customs
• Published: 24 October 2014
• Last updated: 31 December 2020 — See all updates

Documents

Notice IPT1 — Insurance Premium Tax

HTML

Notice IPT1: flowchart

PDF, 98.6 KB, 1 page

Details

This notice cancels and replaces Notice IPT1 (March 2019). It applies to supplies made on or after the UK’s departure from the EU. 

Published 24 October 2014
Last updated 31 December 2020 + show all updates

1. 31 December 2020

   This page has been updated because the Brexit transition period has ended.

2. 6 March 2019

   Sections 10 and 11 have been updated to take account of new online registration and special arrangements for Lloyds syndicates, partnerships and overseas insurers.

3. 1 October 2018

   The standard rate has risen to 12% and the new implementation method is explained in section 15.

4. 28 February 2017

   This notice has been updated to take account of the online form IPT100. Paper returns will no longer be automatically sent to you.

5. 31 October 2016

   Details the standard rate rise that came into effect 1 October 2016.

6. 5 February 2016

   This notice cancels and replaces Notice IPT 1 (May 2015) and Notice IPT 2 (February 1999). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

7. 28 May 2015

   Details the new spacecraft exemption. Updates section on commissions received by intermediaries.

8. 24 October 2014

   First published.