Statutory Instrument 1994 No. 1774

The Insurance Premium Tax Regulations 1994

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

1994 No. 1774

INSURANCE PREMIUM TAX

The Insurance Premium Tax Regulations 1994

Made	6th July 1994

Laid before the House of Commons

7th July 1994

Coming into force

1st August 1994

ARRANGEMENT OF REGULATIONS

PART I
Preliminary
1.	Citation and commencement
2.	Interpretation
3.	Requirement, direction, demand or approval
PART II
Registration and Provisions for Special Cases
4.	Notification of liability to register
5.	Changes in particulars
6.	Notification of liability to be de-registered
7.	Transfer of a going concern
8.	Registration of Lloyd's syndicates
9.	Representation of Lloyd's syndicates
10.	Representation of unincorporated body
11.	Death, bankruptcy or incapacity of registrable person
PART III
Accounting, Payment and Records
12.	Making of returns
13.	Correction of errors
14.	Claims for overpaid tax
15.	Payment of tax
16.	Records
PART IV
Claims in Respect of Credit
17.	Scope
18.	Claims in returns
19.	Payments in respect of credit
PART V
Special Accounting Scheme
20.	Interpretation
21.	Notification by insurer that scheme to apply
22.	Relevant accounting periods
23.	Premiums treated as received on premium written date
24.	Amount of premium
25.	Credit
26.	Withdrawal from the scheme
27.	Expulsion from the scheme
28.	Tax to be accounted for on cessation
PART VI
Tax Representatives
29.	Notification in certain cases
30.	Registration
31.	Liability to notify
PART VII
Liability of Insured Persons
32.	Interpretation
33.	Scope
34.	Liability notices
35.	Power to assess tax due
36.	Persons liable for tax assessed
37.	Adjustment of assessments
38.	Time for payment
39.	Interest on reimbursements
40.	Allocation of payments
41.	Records
PART VIII
Distress and Diligence
42.	Distress
43.	Diligence

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