Chesham on Insurance Premium Tax is a guide for practitioners and those involved in the insurance industry. It summarises how the IPT is applied in practice, the definition of an insurance contract, looks at exemptions from the tax, the application of the higher rate and issues affecting non UK risks and global policies. It also explores compliance issues such as IPT registration, the submission of returns and payment of the tax, changes in rates and the penalty regime.

About the author:

Mark Chesham has specialised in advising businesses in the financial services and insurance sectors for nearly 25 years.  He started with HM Customs and Excise, working in a specialist insurance team, before spending 15 years in two of the 'Big 4' accounting firms.  He set up his own consultancy practice in 2005 and is now Director of Indirect Tax Services at Moore Stephens.  He is a member of the Chartered Insurance Institute and the VAT Practitioners Group.  He can be contacted at mark.chesham@moorestephens.com.