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Do you have to pay VAT on insurance?

Charlotte Ross | 2023-06-10 01:27:09 | page views：1210
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Ian Rodriguez

Works at Twitter, Lives in San Francisco, CA
Premiums are not subject to any VAT on commercial insurance. However, you do pay insurance premium tax (IPT) instead. This is a lower rate than VAT. You can check the current IPT rate at the dedicated page on the UK Government website.
2023-06-13 01:27:09
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Amelia Brown

QuesHub.com delivers expert answers and knowledge to you.
Premiums are not subject to any VAT on commercial insurance. However, you do pay insurance premium tax (IPT) instead. This is a lower rate than VAT. You can check the current IPT rate at the dedicated page on the UK Government website.
Do I have to pay VAT on my professional indemnity insurance?
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