http://www.legislation.gov.uk/ukpga/2007/11/section/101Finance Act 2007An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.texttext/xmlenStatute Law Database2026-04-27Expert Participation2026-04-01 Finance Act 2007Sch. 24 para. 4A(A1)(1)Finance Act 2015Sch. 20 para. 3(2)s. 120(2)Finance Act 2007Sch. 24 para. 12(5)(za)Finance Act 2015Sch. 20 para. 6(a)s. 120(2)Finance Act 2007Sch. 24 para. 21A(A1)Finance Act 2015Sch. 20 para. 7(2)s. 120(2)Finance Act 2007s. 993Finance Act 2016s. 118(2)s. 117 Part 71011In section 72 of FA 1994 (interpretation: “premium”), after subsection (1A) insert—1BWhere—aan amount is charged (to the insured or any other person) in respect of the acquisition of a right (whether of the insured or any other person) to require the insurer to provide, or offer to provide, any of the cover included in a taxable insurance contract, andbany payment in respect of that amount is not regarded as a payment received under that contract by the insurer by virtue of subsection (1A) above,the payment is to be regarded as a payment received under that contract by the insurer unless it is chargeable to tax at the higher rate by virtue of section 52A above.2The amendment made by subsection (1) has effect in relation to amounts charged on or after 22nd March 2007.