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Official guidance
Insurance Premium Tax

IPT03700 · overview and the law: how to determine whether there is a contract of insurance: contents

  • IPT03710 · Overview and the law: how to determine whether there is a contract of insurance: purpose and outline of this section
  • IPT03720 · Overview and the law: how to determine whether there is a contract of insurance: definitions of a contract of insurance
  • IPT03730 · Overview and the law: how to determine whether there is a contract of insurance: roadside assistance insurance
  • IPT03740 · Overview and the law: how to determine whether there is a contract of insurance: service contracts
  • IPT03750 · Overview and the law: how to determine whether there is a contract of insurance: manufacturers' warranties
  • IPT03760 · Overview and the law: how to determine whether there is a contract of insurance: extended warranties
  • IPT03770 · Overview and the law: how to determine whether there is a contract of insurance: financial guarantees
  • IPT03780 · Overview and the law: how to determine whether there is a contract of insurance: financial instruments
  • IPT03790 · Overview and the law: how to determine whether there is a contract of insurance: discretionary trusts
  1. overview and the law: how to determine whether there is a contract of insurance: contents
  2. Overview and the law: how to determine whether there is a contract of insurance: discretionary trusts

IPT03790 | Overview and the law: how to determine whether there is a contract of insurance: discretionary trusts

From HM Revenue & Customs · Insurance Premium Tax

A person (such as an employer) pays money into a trust fund. The trustees consider the payment of claims if certain events arise. There is no obligation to pay a claim, and there is thus no contract of insurance.

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