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Insurance Premium
Tax (IPT)

IPT is a breeze with the ARKK
Automation Platform.

 

Let our cloud-based automation platform take the stress out of Insurance Premium Tax (IPT). The ARKK Automation Platform is embedded with calculation engines, Power BI reporting, and seamless automation. With ARKK, you're covered every step of the way.

What is it?

Insurance Premium Tax: What you need to know

Insurance Premium Tax (IPT) is a tax applied to insurance premiums because they are exempt from VAT. Introduced in 1993, IPT ensures the insurance sector contributes its fair share. The tax rate varies by country, and insurers are responsible for collecting and paying it to the appropriate tax authority.

What is Insurance Premium Tax?

Does it affect me?

If you’re an insurer, broker, or policyholder, IPT may apply to your insurance transactions. The country where the risk is located determines which tax rules apply, so it’s important to ensure compliance with local regulations.

What do I need to do?

Insurers must charge, collect, and report IPT correctly. In some jurisdictions, brokers or policyholders may also need to register or appoint a fiscal representative. Understanding your obligations is key to avoiding compliance issues.

What's the deadline?

IPT deadlines vary by country. Some require monthly filings (e.g., Germany, France), others operate quarterly (e.g., UK, Ireland), and some only require annual submissions (e.g., Italy, Austria). Staying on top of deadlines ensures smooth compliance and avoids penalties.

Our solution

How ARKK solves IPT

The ARKK Automation Platform

ARKK supports
jurisdictions across
the globe, including:

  • Bermuda
  • Cayman Islands
  • Channel Islands
  • Czech Republic
  • Germany
  • Iceland
  • Ireland
  • Italy
  • Luxembourg
  • Malta

We're happy to support you wherever you're based. Just speak to one of our experts!

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  • Netherlands
  • Norway
  • Sweden
  • United Kingdom
  • United States
  • Europe (inc. 27 EU states)
  • North America
  • South America
  • Africa
  • APAC

 

Why choose ARKK?

With the ARKK Automation Platform, you're empowered to transform data-heavy activities into a seamless, automated workflow, designed to make your life easier. Teams reliant on spreadsheets and basic bridging software are potentially exposed to risk and are unaware of the unlocked strategic value that an automated solution can offer.

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Automated validations
Automated validations

Our platform streamlines IPT filings by automating tax calculations and reducing the risk of errors.

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Source-agnostic
Source-agnostic

The ARKK platform integrates seamlessly with various formats and data sources, making IPT compliance easier.

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Compliance assured
Compliance assured

ARKK helps insurers stay compliant with local tax rules, reducing risk and avoiding penalties.

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AI-powered
AI-powered

The Platform improves data quality with AI-driven consistency checks, minimising manual errors and ensuring accurate IPT filings.

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Save time & money
Save time & money

By automating IPT reporting, we reduce your manual work, speed up your tax filing processes, and lower admin costs.

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Secure & cloud-based
Secure & cloud-based

With ISO27001 certification and robust data security, ARKK provides a scalable, future-proof platform that can adapt to evolving IPT regulations.

Streamline Insurance Premium Tax with ARKK

Get the ARKK advantage

Discover why our fresh approach is trusted
by over 65% of the FTSE. 

Don't just take our word for it...

The information that came back from ARKK was so clear and transparent.

Kreeson Thatiha, Head of Finance and Client Money, eToro

eToro

I was continually reassured of ARKK's technology and their commitment to customer service.

Darryl Alford, Finance Manager, DPD

DPD logo

ARKK were prepared to be more flexible with how we worked and how we were set up.

Alistair McClelland, Head of Tax, The University of Edinburgh

UOE blue

Simply outstanding service and a real pleasure to work with.

Chris Parsons, Production Director, Radley Yeldar

RY

ARKK are extremely responsive and supportive partners.

Janette Moriarty, Group Financial Reporting Director, Kerry Group

Kerry Group

ARKK are invaluable to us… I wouldn't consider another project without them.

Valentin Ramousse, Head of International Business Development & Partner, Emperor Works

Emperor

The speed and accuracy of implementation was incredible.

Akash Kalaiya, EMEA Tax Manager, Universal Weather and Aviation

UA

The numbers behind ARKK

80% time saved
<1% margin for error
10m+ VAT transactions processed per quarter on the platform

Fancy a chat?

Let’s get a date in the diary to talk about freshening up your tax and compliance reporting.

Fill out the form opposite and we'll get right back to you.