{"product_id":"insurance-premium-tax-a-users-guide-paperback-softback-9781910151549","title":"Insurance Premium Tax; A User's Guide (Paperback \/ softback) 9781910151549","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eInsurance Premium Tax\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA User's Guide\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMark Chesham (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781910151549\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 13 February 2019\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e130 pages\u003cbr\u003e23.4 x 15.6 x 1.1 cm, 0.453 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cem\u003eInsurance Premium Tax\u003c\/em\u003e is a guide for practitioners and those involved in the insurance industry. It summarises how the IPT is applied in practice, the definition of an insurance contract, looks at exemptions from the tax, the application of the higher rate and issues affecting non UK risks and global policies. It also explores compliance issues such as IPT registration, the submission of returns and payment of the tax, changes in rates and the penalty regime.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cul\u003e\n\u003cli\u003eINTRODUCTION\u003c\/li\u003e\n\u003cli\u003e1.1. Sources of information\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/font\u003e\u003c\/p\u003e\n\u003col start=\"\"\u003e\n\u003cli\u003e\u003cstrong\u003e WHAT IS INSURANCE PREMIUM TAX\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e2.1. Definition\u003c\/li\u003e\n\u003cli\u003e2.2. Is IPT legal?\u003c\/li\u003e\n\u003cli\u003e2.3. Insurance contracts and insurers\u003c\/li\u003e\n\u003cli\u003e2.4. Taxable contracts\u003c\/li\u003e\n\u003cli\u003e2.5. What is a premium?\u003c\/li\u003e\n\u003cli\u003e2.6. Coinsurance, insurance pools and fronting\u003c\/li\u003e\n\u003cli\u003e2.7. Warranties and guarantees\u003c\/li\u003e\n\u003cli\u003e2.8. Discretionary trusts\u003c\/li\u003e\n\u003cli\u003e2.9. Cost plus schemes\u003c\/li\u003e\n\u003cli\u003e2.10. Self insurance\u003c\/li\u003e\n\u003cli\u003e2.11. Voluntary excesses and deductibles\u003col start=\"\"\u003e\n\u003cli\u003e\u003cstrong\u003e HIGHER RATE IPT\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e3.1. Introduction\u003c\/li\u003e\n\u003cli\u003e3.2. Motor cars and motor cycles\u003c\/li\u003e\n\u003cli\u003e3.3. Domestic Appliances\u003c\/li\u003e\n\u003cli\u003e3.4. Travel insurance\u003c\/li\u003e\n\u003cli\u003e3.5. Higher rate insurance and free and discounted insurance\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e TAXABLE INTERMEDIARIES\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e4.1. Liability to register and account for IPT\u003c\/li\u003e\n\u003cli\u003e4.2. Criteria for a person having to register\u003c\/li\u003e\n\u003cli\u003e4.3. Taxable intermediary provisions\u003c\/li\u003e\n\u003cli\u003e4.4. Higher rate contracts\u003c\/li\u003e\n\u003cli\u003e4.5. Registration limits\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e LOCATION OF RISK\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e5.1. Introduction\u003c\/li\u003e\n\u003cli\u003e5.2. Risk location rules\u003c\/li\u003e\n\u003cli\u003e5.3. Habitual residence\u003c\/li\u003e\n\u003cli\u003e5.4. Business establishment\u003c\/li\u003e\n\u003cli\u003e5.5. Unregistered vehicles\u003c\/li\u003e\n\u003cli\u003e5.6. Buildings\u003c\/li\u003e\n\u003cli\u003e5.7. Embassies\u003c\/li\u003e\n\u003cli\u003e5.8. Travel Insurance\u003c\/li\u003e\n\u003cli\u003e5.9. Apportioning multi jurisdictional risks\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e EXEMPTIONS\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e6.1. Introduction\u003c\/li\u003e\n\u003cli\u003e6.2. De minimis\u003c\/li\u003e\n\u003cli\u003e6.3. Exemptions\u003c\/li\u003e\n\u003cli\u003e6.4. Non-UK risks\u003c\/li\u003e\n\u003cli\u003e6.5. Reinsurance\u003c\/li\u003e\n\u003cli\u003e6.6. Long-term insurance contracts\u003c\/li\u003e\n\u003cli\u003e6.7. Commercial ships\u003c\/li\u003e\n\u003cli\u003e6.8. Contracts relating to the Channel Tunnel\u003c\/li\u003e\n\u003cli\u003e6.9. Lifeboats and Lifeboat equipment\u003c\/li\u003e\n\u003cli\u003e6.10. Commercial aircraft\u003c\/li\u003e\n\u003cli\u003e6.11. International railway rolling stock\u003c\/li\u003e\n\u003cli\u003e6.12. Goods in foreign or international transit\u003c\/li\u003e\n\u003cli\u003e6.13. Export finance related insurance\u003c\/li\u003e\n\u003cli\u003e6.14. Motability contracts\u003c\/li\u003e\n\u003cli\u003e6.15. Spacecraft\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e REGISTRATION, DE-REGISTRATION AND TOGCS\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e7.1. Registration –\u003cbr\u003e Introduction\u003c\/li\u003e\n\u003cli\u003e7.2. Deregistration\u003c\/li\u003e\n\u003cli\u003e7.3. Transfer of a going concern\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e ACCOUNTING FOR IPT\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e8.1. Introduction\u003c\/li\u003e\n\u003cli\u003e8.2. IPT Accounting Schemes\u003c\/li\u003e\n\u003cli\u003e8.3. Bad debt relief\u003c\/li\u003e\n\u003cli\u003e8.4. Adjusting for errors on IPT returns\u003c\/li\u003e\n\u003cli\u003e8.5. Changes in IPT rates\u003c\/li\u003e\n\u003cli\u003e8.6. Anti-forestalling provisions\u003c\/li\u003e\n\u003cli\u003e8.7. Lloyd'\u003cbr\u003es IPT procedures\u003c\/li\u003e\n\u003cli\u003e8.8. Record keeping requirements\u003c\/li\u003e\n\u003cli\u003e8.9. Recovering IPT paid in error\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e PENALTIES\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e9.1. Introduction\u003c\/li\u003e\n\u003cli\u003e9.2. Penalty for failure to notify\u003c\/li\u003e\n\u003cli\u003e9.3. Late payment of tax or rendering of returns\u003c\/li\u003e\n\u003cli\u003e9.4. Failure to notify a cessation of trade\u003c\/li\u003e\n\u003cli\u003e9.5. Failure to produce records\u003c\/li\u003e\n\u003cli\u003e9.6. Failure to appoint or nominate a tax representative\u003c\/li\u003e\n\u003cli\u003e9.7. Breach a controlled goods agreement or Walking Possession Agreement in Northern Ireland\u003c\/li\u003e\n\u003cli\u003e9.8. Liability of insured\u003c\/li\u003e\n\u003cli\u003e9.9. Underdeclarations\u003c\/li\u003e\n\u003cli\u003e9.10. Evasion of IPT\u003c\/li\u003e\n\u003cli\u003e9.11. Interest\u003c\/li\u003e\n\u003cli\u003e9.12. HMRC'\u003cbr\u003es stated approach to late rendering and payment penalties\u003c\/li\u003e\n\u003cli\u003e9.13. Security\u003c\/li\u003e\n\u003cli\u003e9.14. Reviews and appeals\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eAPPENDIX 1: HMRC PENALTIES FOR FAILURE TO NOTIFY (FACTSHEET CC\/FS11)\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eAPPENDIX 2: HMRC PENALTIES FOR INACCURACIES IN RETURNS (FACTSHEET CC\/FS7A)\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eAPPENDIX 3: \"\"CONNECTED\"\" PERSONS\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eAPPENDIX 4: FORMS\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eAPPENDIX 5: EUROPEAN INSURANCE PREMIUM TAX (IPT) COMPARISON TABLE\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eAPPENDIX 6: IPT ERROR FLOWCHART\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003c\/ol\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\u003c\/font\u003e\r\n\r\n\r\n\r\n\r\n","brand":"Spiramus Press","offers":[{"title":"Brand New","offer_id":52637931208984,"sku":"9781910151549","price":66.65,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/freshlyprintedbooks.co.uk\/products\/insurance-premium-tax-a-users-guide-paperback-softback-9781910151549","provider":"Freshly Printed Books","version":"1.0","type":"link"}