Insurance Premium Tax definition
Examples of Insurance Premium Tax in a sentence
If no premium has been paid, then a time on risk premium inclusive of Insurance Premium Tax (“IPT”), and in addition any relevant administration costs, may be charged.
Insurance premiums attract Insurance Premium Tax at the prevailing rate.
If no premium has been paid, then a time on risk premium inclusive of Insurance Premium Tax (‘‘IPT’’), and in addition any relevant administration costs, may be charged.
If cover has started We will refund the premium for the exact number of days left on the policy minus an administration fee of £25 plus Insurance Premium Tax.
This will normally be calculated as a small percentage of our whole account which, depending on the profitability of your insurance policy, can be calculated as a percentage of the total annual premium you pay (excluding Insurance Premium Tax (IPT)).