LANDFILL TAX
VAT & Other Indirect Taxes
Insurance Premium Tax (IPT) is a specialist area of indirect taxation applied to most general insurance premiums in the UK. With two current
rates – 12% for standard policies and 20% for certain insurance products – correctly determining the applicable rate can be complex, particularly where a policy includes multiple elements or cross-border considerations.
Hammad offers clear and detailed guidance to help insurers, brokers and businesses understand their IPT obligations and structure policies in a compliant and efficient way.
IPT legislation contains a wide range of exemptions, and navigating these can be challenging without specialist insight. Determining whether a policy, or a component of a policy, qualifies for exemption is critical in avoiding costly assessments or compliance issues.
Hammad assists clients in interpreting the rules, assessing liability and ensuring accurate treatment across varied insurance offerings.
A number of insurance products are fully exempt from IPT, including:
Hammad provides tailored advice for insurers and businesses seeking clarity on exemption eligibility, premium structuring, mixed-policy analysis and dispute resolution where HMRC challenges arise. His expertise helps clients manage IPT risk effectively while maintaining compliance with UK tax regulations.