Insurance premium tax (IPT) is a tax (deriving from European Community law) on the premium paid under taxable insurance contracts. It was introduced by the Finance Act 1994.
Insurance premium tax (IPT) is a tax (deriving from European Community law) on the premium paid under taxable insurance contracts. It was introduced by the Finance Act 1994.
This note gives a general overview of IPT as it applies to practical issues commonly encountered by the practitioner.