Explanatory note

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.