Our service to you

pic-quoteWe take the details needed to get you the best quote as soon as possible. Within the working week and within working hours of 9am to 5.30pm, we aim to get back in touch with you (as long as your phone number is valid) WITHIN
 – a service standard that is 95% accurate…

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t – 0121 448 6914

e – info@goodsintransitdirect.co.uk

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Insurance Premium Tax Guide

Please quote this reference number when calling for a quote

Most types of general insurance are subject to insurance premium tax (IPT), while life insurance, pensions and income protection insurances are not. The premium quoted by the insurer will include the tax where necessary.

You are not able to set IPT paid by you against VAT on the goods and services you sell to others. If you sell cars, electrical or domestic appliances, or holidays, and you also arrange insurance for your customers, then in certain circumstances you may be liable to administer IPT yourself.

You should ask your accountant, tax adviser or HM Customs and Excise for details if necessary.

Insurance premium tax is currently 6%.