DMBM540335 | Debt and return pursuit: Insurance Premium Tax: Who is liable to pay the debt? The Insurer

Some content of this manual is being considered for archiving. If there is content you use regularly, please email [email protected] to let us know as soon as possible.

The person liable to pay Insurance Premium Tax is usually the insurer to whom the premium is due under the taxable insurance contract. However a taxable intermediary can also be liable. For further information please see DMBM540340.

The insurer is the taxable person, responsible for rendering returns and paying tax due Section 52 (1) of the Finance Act 1994, provides:

Tax shall be payable by the person who is the insurer in relation to the contract under which the premium is received.