VATINS8140 - VAT and Insurance Premium Tax (IPT): What is IPT?: Who is liable to be registered for IPT?
Premiums are treated as being inclusive of the IPT due. It is the responsibility of the insurer to register and account for any IPT due. »Ê¹ÚÌåÓýapp exception to this is intermediaries arranging insurance liable to the higher rate and charging a separate arrangement fee to the customer. »Ê¹ÚÌåÓýappse intermediaries are liable to register as ‘taxable intermediariesâ€� and account for IPT to HMRC on their arrangement fees.