Accounting Ideas

Insurance Premium Tax

Include an insurance premium tax 12% code

  • Guest
  • Dec 19 2022
  • One For The Future
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  • Guest commented
    5 Apr, 2023 09:23am

    This is a must, I have clients on Sage 50 Cloud (desktop) wanting to change to Sage Business Cloud and not having an IPT tax code is a deal breaker, as they simply cannot record how much tax is paid and/or charged, which my clients do not need to pay to HMRC but their insurance agents, should they charge more than what they have paid on their own insurance premium to their broker.