Statutory Instruments

2011 No. 661

Insurance Premium Tax

The Insurance Premium Tax (Discounted Insurance Premiums: Higher Rate) Order 2011

Approved by the House of Commons

Made

7th March 2011

Laid before the House of Commons

8th March 2011

Coming into force

1st April 2011

The Treasury make the following Order in exercise of the powers conferred by section 51A(3) of the Finance Act 1994(1):

(1)

1994 c. 9. Section 51A was inserted, in relation to a premium which falls to be regarded for the purposes of Part 3 of the Finance Act 1994 as received under a taxable insurance contract by an insurer on or after 1st April 1997, by sections 22(1) and 24(1) of the Finance Act 1997 (c. 16).