Insurance Policyholder Taxation Manual - Recent changes to this manual
Below are details of the amendments that were published on 14 February 2008 (see the update index for all updates).
| Section | Title and details of update |
| IPTM1115 | Revised explanation for funeral plan contracts |
| IPTM3210 | Revised to include additional explanation about what insurers should enter on chargeable event certificates |
| IPTM3220 | Updated about the process for tax offices to follow where HMRC needs to certify that a person may recover tax from the trustees |
| IPTM3510 | Additional text about commissions (in relation to chargeable events and calculating gains) |
| IPTM3527 | New paragraph entitled “Chargeable events: calculating gains: maturity, full surrender or assignment: commission rebated or reinvested as premium” |
| IPTM3528 | New paragraph entitled “Chargeable events: calculating gains: maturity, full surrender or assignment: commission rebated: examples” |
| IPTM6135 | Revised to include additional explanation about the anti-avoidance rules where there are bundles of benefits from one or more policies |
| IPTM7105 | Additional text to clarify that insurers should calculate chargeable event gains without taking into account commission |
| IPTM7235 | Revised to update office name and where to obtain a copy of ‘Inspection of Schemes Operated by Financial Intermediaries’ which explains how inspections are carried out |
| IPTM7530 | Updated in relation to commissions |
| IPTM7531 | New paragraph about the calculation of gains on chargeable events entitled “Total deductions: premiums: commission arrangements” |
| IPTM7715 | Revised to also include guidance where the policyholder is also an employee of a permitted fund |
| IPTM8150 | Updated to confirm that legislation, about changes in the way benefits secured under a policy are determined, has been introduced |
| IPTM8155 | Updated to confirm that legislation, about changes in the way benefits secured under a policy are determined, has been introduced |
| IPTM8310 | Revised to confirm that when policies, endorsements or additions are sent to HMRC for certification as qualifying policies, two copies of the relevant material should be sent |
