VATINS8230 - VAT and Insurance Premium Tax (IPT): What you should look out for: Taxable intermediaries

The requirement for certain intermediaries involved in higher rate contracts to be registered for IPT was introduced as a deterrent and as a VAT anti-avoidance measure. As such, based on current practices, it is unlikely to result in a significant number of intermediaries having to register. If you deal with an intermediary who you believe should be registered for IPT, contact the UoE or Deductions & Financial Services Team (see IPT01400) before taking any action.