| Guvnor

Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm3 Responsible Person2

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

Responsible Person — also bound by 108 other Acts

MH(CT)(S)A 2003 30 duties

Climate Change Levy (General) Regulations 2001 24 duties

Offshore Installations (Offshore Safety Directive) (Safety Case ) Regulations 2015 21 duties

The Offshore Installations (Prevention of Fire and Explosion, and Emergency Response) Regulations 1995 21 duties

The Offshore Installations (Safety Case) Regulations 2005 19 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.012 Making of returns Regulated

Submit IPT returns to HMRC by the monthly deadlineResponsible Person

s.016 Records Regulated

Keep insurance premium tax records for six yearsResponsible Person

s.019 Payments in respect of credit Regulated

Claim insurance premium tax credit in writing if registration cancelledFinancial Services Firm

s.028 Tax to be accounted for on cessation Regulated

Account for and pay outstanding insurance premium tax on cessation of scheme or cancellationFinancial Services Firm

s.039 Interest on reimbursements Regulated

Pay interest to customers when refunding recovered insurance premium taxFinancial Services Firm

38 other provisions — procedural and definitional

s.001 Citation and commencement

s.002 Interpretation

s.003 Requirement, direction, demand or approval

s.004 Notification of liability to register

s.005 Changes in particulars

s.006 Notification of liability to be de-registered

s.007 Transfer of a going concern

s.008 Registration of Lloyd’s syndicates

s.009 Representation of Lloyd’s syndicates

s.010 Representation of unincorporated body

s.011 Death, bankruptcy or incapacity of registrable persons

s.013 Correction of errors

s.014 Claims for overpaid tax

s.015 Payment of tax

s.017 Scope

s.018 Claims in returns

s.020 Interpretation

s.021 Notification by insurer that scheme to apply

s.022 Relevant accounting periods

s.023 Premiums treated as received on premium written date

s.024 Amount of premium

s.025 Credit

s.026 Withdrawal from the scheme

s.027 Expulsion from the scheme

s.029 Notification in certain cases

s.030 Registration

s.031 Liability to notify

s.032 Interpretation

s.033 Scope

s.034 Liability notices

s.035 Power to assess tax due

s.036 Persons liable for tax assessed

s.037 Adjustment of assessments

s.038 Time for payment

s.040 Allocation of payments

s.041 Records

s.042 Distress

s.043 Diligence

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

The Insurance Premium Tax Regulations 1994

Does it bind you?

Other Acts binding the same actors

What it requires