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Contents

Official guidance
VAT Insurance

VATINS8100 · VAT and Insurance Premium Tax (IPT): What is IPT?

  • VATINS8105 · General
  • VATINS8110 · Definition of “premium”
  • VATINS8120 · Exemptions
  • VATINS8140 · Who is liable to be registered for IPT?
  • VATINS8150 · Record Keeping
  1. VAT and Insurance Premium Tax (IPT): What is IPT?: Contents
  2. VAT and Insurance Premium Tax (IPT): What is IPT?: Exemptions

VATINS8120 | VAT and Insurance Premium Tax (IPT): What is IPT?: Exemptions

From HM Revenue & Customs · VAT Insurance

  • reinsurance; long term contracts (such as life insurance);

  • insurance of large international commercial transport mechanisms (such as aircraft or ships);

  • non-UK risks; lifeboats and lifeboat equipment, goods in international transit;

  • export finance related insurance; and certain contracts relating to motor vehicles for use by handicapped persons.

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