# The Insurance Premium Tax (Amendment) Regulations 2023 S.I. 2023/827 · made 18 July 2023 These Regulations, which come into force on 9th August 2023, amend the Insurance Premium Tax Regulations 1994 (S.I. 1994/1774) (“the IPT Regulations”) by omitting the Schedule containing 6 forms relating to the administration of insurance premium tax and making reference throughout the IPT Regulations to forms in a notice as published from time to time by the Commissioners for His Majesty’s Revenue and Customs. Made under: Finance Act 1994 (Section 53, Section 53AA, Section 53A, Section 74) PDFs: Printed copy https://openlegislation.uk/insurance-premium-tax-amendment-regulations-2023/pdf/uksi_20230827_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/insurance-premium-tax-amendment-regulations-2023/pdf/uksiem_20230827_en_001.pdf ## Introductory text Insurance Premium Tax Made 18th July 2023 Laid before the House of Commons 19th July 2023 Coming into force 9th August 2023 The Commissioners for His Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 53(6), 53AA(8), 53A(2) and 74(6A) and (8) of the Finance Act 1994: ## 1 Citation and commencement These Regulations may be cited as the Insurance Premium Tax (Amendment) Regulations 2023 and come into force on 9th August 2023. ## 2 Amendment of the Insurance Premium Tax Regulations 1994 The Insurance Premium Tax Regulations 1994 are amended as follows. ## 3 Amendment of the Insurance Premium Tax Regulations 1994 In regulation 2— (a) in paragraph (3), for “form prescribed in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”; (b) at the end insert— “(4) Any reference in these Regulations to a notice published by the Commissioners is a reference to that notice as published from time to time.” ## 4 Amendment of the Insurance Premium Tax Regulations 1994 In regulation 4— (a) in paragraph (1), for “form numbered 1 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”; (b) in paragraph (2), for “form numbered 2 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”. ## 5 Amendment of the Insurance Premium Tax Regulations 1994 In regulation 4A— (a) in paragraph (1), for “form numbered 1 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”; (b) in paragraph (2), for “form numbered 2 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”. ## 6 Amendment of the Insurance Premium Tax Regulations 1994 In regulation 7(1)(d), for “form numbered 3 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”. ## 7 Amendment of the Insurance Premium Tax Regulations 1994 In regulation 12— (a) in paragraph (1), for “form numbered 4 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”; (b) in paragraph (2)— (i) for “form numbered 5 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”; (ii) for “form numbered 6 in the Schedule to these Regulations” substitute “form specified for the purposes of this paragraph in a notice published by the Commissioners”. ## 8 Amendment of the Insurance Premium Tax Regulations 1994 In regulation 13(3), for “Forms 4 and 5 in the Schedule” substitute “the forms specified for the purposes of that regulation in a notice published by the Commissioners”. ## 9 Amendment of the Insurance Premium Tax Regulations 1994 Omit the Schedule. ## Signature Justin Holliday Jonathan Athow Two of the Commissioners for His Majesty’s Revenue and Customs 18th July 2023 ## Explanatory note (This note is not part of the Regulations) These Regulations, which come into force on 9th August 2023, amend the Insurance Premium Tax Regulations 1994 (S.I. 1994/1774) (“the IPT Regulations”) by omitting the Schedule containing 6 forms relating to the administration of insurance premium tax and making reference throughout the IPT Regulations to forms in a notice as published from time to time by the Commissioners for His Majesty’s Revenue and Customs. Regulations 3 to 7 amend regulations 2 (interpretation), 4 (notification of liability to register), 4A (notification of liability to register-taxable intermediaries) and 12 (making of returns) of the IPT Regulations to make reference to forms specified in a notice published from time to time by the Commissioners for His Majesty’s Revenue and Customs. The notice and specified forms are available electronically at https://www.gov.uk/government/publications/notice-ipt-1-insurance-premium-tax/notice-ipt1-insurance-premium-tax. Free of charge hard copies will be available on request from the HMRC helpline on 0300 200 3700 (+44 2920 501 261 for outside the UK enquiries) or by writing to BT VAT, HM Revenue and Customs, BX9 1WR, United Kingdom. Regulation 8 makes consequential amendments to regulation 13(3) of the IPT Regulations. A Tax Information and Impact Note covering this instrument will be published on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins. --- Source: https://www.legislation.gov.uk/uksi/2023/827 (the official version) Page: https://openlegislation.uk/insurance-premium-tax-amendment-regulations-2023 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.