Making of returns
- Submit IPT returns to HMRC by the monthly deadline
UK Statutory Instrument
1994
United Kingdom
The Insurance Premium Tax Regulations 1994
At a glance
What's here
5 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Records
- Keep insurance premium tax records for six years
Payments in respect of credit
- Claim insurance premium tax credit in writing if registration cancelled
Tax to be accounted for on cessation
- Account for and pay outstanding insurance premium tax on cessation of scheme or cancellation
Interest on reimbursements
- Pay interest to customers when refunding recovered insurance premium tax
Browse 38 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
Requirement, direction, demand or approval
Notification of liability to register
Changes in particulars
Notification of liability to be de-registered
Transfer of a going concern
Registration of Lloyd’s syndicates
Representation of Lloyd’s syndicates
Representation of unincorporated body
Death, bankruptcy or incapacity of registrable persons
Correction of errors
Claims for overpaid tax
Payment of tax
Scope
Claims in returns
Interpretation
Notification by insurer that scheme to apply
Relevant accounting periods
Premiums treated as received on premium written date
Amount of premium
Credit
Withdrawal from the scheme
Expulsion from the scheme
Notification in certain cases
Registration
Liability to notify
Interpretation
Scope
Liability notices
Power to assess tax due
Persons liable for tax assessed
Adjustment of assessments
Time for payment
Allocation of payments
Records
Distress
Diligence
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