Introduction Summary
1.Insurers do not have to charge insurance premium tax (IPT) on contracts of insurance in relation to motor vehicles where, subject to other specified conditions being satisfied, the vehicle is used or intended for use by a handicapped person who is in receipt of a specified benefit. Section 201 adds further references to the list of specified benefits so that the IPT reliefs that currently apply to vehicles used by persons who are in receipt of the mobility component of a disability living allowance (DLA) will additionally apply to vehicles used by persons who receive the mobility component of a Personal Independence Payment (PIP) or receive an Armed Forces Independence Payment (AFIP).