Part III Insurance Premium Tax
The basic provisions
49 Charge to tax.
Tax shall be charged on the receipt of a premium by an insurer if the premium is received—
a
under a taxable insurance contract, and
b
on or after 1st October 1994.
Tax shall be charged on the receipt of a premium by an insurer if the premium is received—
under a taxable insurance contract, and
on or after 1st October 1994.