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 Insurance Premium Tax Ipt Exemption Form 2025

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hello everyone my name is raymond macmillan and welcome to my youtube channel insurance education happy new year 2021. as i alluded to in my earlier video this week i mentioned that today i'll be speaking about ipt this is also an examination question for those who are studying exams the cii exams london ipt stands for insurance premium tax that's the term in the uk but in other territories some countries call it an insurance levy some just call it a tax it is an indirect tax which is collected by the insurance companies and hand it over to the government i think in the uk it's here every six months they encounter her majesty's revenue and customs for the taxes collected for the previous six months period you pay taxes on all general insurance insurances except travel insurance you pay 20 percent the standard rate now is 12 of the premium regulations in the uk require that that tax be shown separately in your policy document there are some insurances you don't pay t

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