HMRC UK Insurance Premium Tax (IPT) Payment Guide

HMRC has published guidance on paying Insurance Premium Tax (IPT), stating that taxpayers can pay by direct debit, bank transfer, cheque, and other methods. Payments made by direct debit, Faster Payments, Bacs, and CHAPS can extend the filing and payment deadline by 7 days. Payments must use a 15-character reference number beginning with X. Late payment may result in penalties or interest; a return must be filed even if no tax is due.