SolvedIPT07860 | Accounting for Insurance Premium Tax: transitional accounting arrangements: relevant dates for transitional and anti-forestalling provisions
From HM Revenue & Customs · Insurance Premium Tax
Relevant dates for transitional and anti-forestalling provisions
| New rate | Announcement date | ||
|---|---|---|---|
| (Budget Day) | Implementation date | ||
| (date of change) | Concessionary date | ||
| (transitional date) | |||
| 2.5% | November 1993 | 1 October 1994 | - |
| 17.5% | 27 November 1996 | 1 April 1997 | 30 September 1997 |
| 4% | 27 November 1996 | 1 April 1997 | 30 September 1997 |
| 17.5% extended to all travel insurance | 17 March 1998 | 1 August 1998 | 31 January 1999 |
| 5% | 9 March 1999 | 1 July 1999 | 31 December 1999 |
| 6% | 22 June 2010 | 4 January 2011 | None |
| 20% | 22 June 2010 | 4 January 2011 | None |
| 9.5% | 8 July 2015 | 1 November 2015 | 29 February 2016 |
| 10% | 16 March 2016 | 1 October 2016 | 31 January 2017 |
| 12% | 8 March 2017 | 1 June 2017 | New implementation arrangements applied |