Insurance Premium Tax IPT 2020

Published / Last Updated on 05/04/2018

Insurance Premium Tax IPT 2020 
(06/04/2020 to 05/04/2021)

General Insurance, Household Insurance and Motor Insurance

  • 6% of the taxable premium is paid in tax. 
  • This tax applies to all general insurance policies such as household and motor
  • Was 5% before 04/01/11

Travel Insurance, Mechanical Breakdown Insurance, Television and Car Hire Insurance

  • 20% of the taxable premium is payable
  • Travel insurance premiums, mechanical breakdown insurance and insurance sold with television and car hire
  • Was 17.5% before 05/01/11

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