The Insurance Premium Tax (Discounted Insurance Premiums: Higher Rate) Order 2011
en
King's Printer of Acts of Parliament
2011-07-04
INSURANCE PREMIUM TAX
This Order amends paragraphs 2 and 3 of, and inserts a new paragraph 5 into, Schedule 6A to the Finance Act 1994. Schedule 6A specifies the insurance premiums which are liable to insurance premium tax at the higher rate (20% of the taxable premium) rather than the standard rate (6% of the taxable premium).
Amendment of paragraphs 2 and 33
In paragraphs 2(1) and 3(1), for “A premium” substitute “Subject to paragraph 5, a premium”.