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Contents

Official guidance
Insurance Premium Tax

IPT05000 · Calculating the value of the premium: contents

  • IPT05050 · Calculating the value of the premium: purpose and outline of this section
  • IPT05100 · Calculating the value of the premium: importance of premium
  • IPT05150 · Calculating the value of the premium: definition of premium
  • IPT05160 · Calculating the value of the premium: separate contracts: contents
  • IPT05200 · Calculating the value of the premium: determining ‘any risk’
  • IPT05250 · Calculating the value of the premium: how the value of ‘any risk’ is determined
  • IPT05300 · Calculating the value of the premium: ‘costs of administration’
  • IPT05350 · Calculating the value of the premium: the meaning of ‘commission’
  • IPT05400 · Calculating the value of the premium: the meaning of ‘facility to pay in instalments’
  • IPT05450 · Calculating the value of the premium: premiums are inclusive of tax
  • IPT05500 · Calculating the value of the premium: discounted premiums
  • IPT05550 · Insurance premium tax: Calculating the value of the premium: Intermediaries: Contents
  • IPT05600 · Calculating the value of the premium: premiums received other than in money
  • IPT05650 · Calculating the value of the premium: contracts at less than open market value (OMV)
  • IPT05700 · Calculating the value of the premium: retro rated policies
  • IPT05750 · Calculating the value of the premium: employers' liability insurance
  • IPT05800 · Calculating the value of the premium: types of contract covering exempt and taxable risks: contents
  • IPT05900 · Calculating the value of the premium: the de minimis provision: contents
  1. Calculating the value of the premium: contents
  2. Calculating the value of the premium: the meaning of ‘commission’

IPT05350 | Calculating the value of the premium: the meaning of ‘commission’

From HM Revenue & Customs · Insurance Premium Tax

A ‘commission’ is the part of the premium that the insurer pays to an intermediary (brokers, agents, etc) for the service of introducing business to an insurer or handling of business for an insurer (see IPT05560 and IPT05570).

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