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Official guidance
Insurance Premium Tax

IPT10000 · Procedures: contents

  • IPT10025 · Procedures: registration of groups
  • IPT10050 · Procedures: waiver of requirement to submit IPT returns
  • IPT10075 · Procedures: belated notification or failure to notify penalties
  • IPT10100 · Procedures: TOGC - transfer of existing registration
  • IPT10125 · Procedures: amending or correcting the IPT Register
  • IPT10150 · Procedure tables: duplicate entries in the IPT Register
  • IPT10175 · Procedure tables: invalid entries in the IPT Register
  • IPT10225 · Procedure tables: incorrect date of registration
  • IPT10250 · Procedure tables: amendments to registration date
  • IPT10275 · Procedure tables: changes to group registration
  • IPT10300 · Procedure tables: changes to bank account details
  • IPT10325 · Procedure tables: insolvent insurers
  • IPT10350 · Procedure tables: non-standard tax periods
  • IPT10375 · Procedure tables: voluntary disclosures and errors
  • IPT10400 · Procedure tables: applications to use the special accounting scheme
  • IPT10425 · Procedure tables: issue of an officer's assessment
  • IPT10450 · Procedure tables: amendment of an officer's assessment
  • IPT10475 · Procedure tables: withdrawal of an officer's assessment
  • IPT10500 · Procedure tables: liability notices - operational arrangements
  • IPT10525 · Procedure tables: misunderstanding
  • IPT10550 · Procedure tables: incorrect advice to customers
  1. Procedures: contents
  2. Procedure tables: withdrawal of an officer's assessment

IPT10475 | Procedure tables: withdrawal of an officer's assessment

From HM Revenue & Customs · Insurance Premium Tax

Withdrawal of an assessment previously raised should be

  • notified to BTOps in writing,

  • copied to the insurer’s file, showing all the relevant details and

  • signed as appropriate by the counter-signatory.

The counter-signatory level for authorising the withdrawal of an assessment is to be at the appropriate level determined and notified by the Grade 7, based on local risk assessment. The counter-signature is a key control in ensuring the appropriateness and accuracy of the amended assessment. Under this procedure, BTOps does not issue any further output to the insurer. The officer is responsible for informing the insurer in writing of the withdrawal of the assessment.

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