Tax Checked 2026-08-12

Insurance Premium Tax

Standard 12% · higher 20%
of premium · valid 2017-06-01 → until changed

What is the Insurance Premium Tax right now?

The current figure is Standard 12% · higher 20% (of premium), effective from 2017-06-01 to until changed, according to HMRC. Last checked against the official source on 2026-08-12.

Higher rate covers travel insurance and supplier-sold vehicle/appliance insurance.

Cite this figure

The Insurance Premium Tax is Standard 12% · higher 20% (of premium), effective from 2017-06-01 (current until changed). Source: HMRC (https://www.gov.uk/tax-on-shopping/insurance-premium-tax), via UK Rates & Thresholds (rates.trycashpilot.com), checked 2026-08-12.

Official sourceHMRC
Valid from2017-06-01
Valid tountil changed
Last checked2026-08-12
Machine-readableJSON for this figure

History

Previous values
10% from 2016-10-01
9.5% from 2015-11-01

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This is data, not advice. Figures are republished from official sources with links and dates. Always verify with the linked official source before acting.