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Official guidance
Insurance Premium Tax

IPT05800 · Calculating the value of the premium: types of contract covering exempt and taxable risks: contents

  • IPT05810 · Calculating the value of the premium: types of contract covering exempt and taxable risks: background
  • IPT05820 · Calculating the value of the premium: types of contract covering exempt and taxable risks: arriving at ‘the chargeable amount’
  • IPT05830 · Calculating the value of the premium: types of contract covering exempt and taxable risks: determining what is ‘just and reasonable’
  • IPT05840 · Calculating the value of the premium: types of contract covering exempt and taxable risks: methods of apportionment
  • IPT05850 · Calculating the value of the premium: types of contract covering exempt and taxable risks: what ‘establishment’ means
  • IPT05860 · Calculating the value of the premium: types of contract covering exempt and taxable risks: the meaning of an ‘identifiable risk’
  • IPT05870 · Calculating the value of the premium: types of contract covering exempt and taxable risks: business with no non-UK establishment
  • IPT05880 · Calculating the value of the premium: types of contract covering exempt and taxable risks: local decisions on apportionment
  1. Calculating the value of the premium: types of contract covering exempt and taxable risks: contents
  2. Calculating the value of the premium: types of contract covering exempt and taxable risks: determining what is ‘just and reasonable’

IPT05830 | Calculating the value of the premium: types of contract covering exempt and taxable risks: determining what is ‘just and reasonable’

From HM Revenue & Customs · Insurance Premium Tax

By just and reasonable we mean that the result of the apportionment should be fair to both the insurer and to us. The insurer must be able to demonstrate that the apportionment was arrived at by a process of reasoning which took all relevant factors into account.

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