---
title: "The Insurance Premium Tax (Non-taxable Insurance Contracts) Order 2014"
id: cbb459c0-3f79-4e41-ae12-f2f09c67d6b2
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2014/2856
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/cbb459c0-3f79-4e41-ae12-f2f09c67d6b2
language: en
in_force_from: 2014-12-01
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2014/2856/data.xml
read_on: 2026-11-10
sha256: df826de76acb2b4a8fc41829df8e46058a28935fcda88ee34026796ed607dd8f
provisions: 4
---

# The Insurance Premium Tax (Non-taxable Insurance Contracts) Order 2014

## Title and introductory text {#prelims}

2014 No. 2856
Insurance Premium Tax
The Insurance Premium Tax (Non-taxable Insurance Contracts) Order 2014
Approved by the House of Commons
Made
27th October 2014
Laid before the House of Commons
27th October 2014
Coming into force
1st December 2014
The Treasury make the following Order in exercise of the powers conferred by section 71 of the Finance Act 1994.

## 1 Citation and commencement {#article-1}

This Order may be cited as the Insurance Premium Tax (Non-taxable Insurance Contracts) Order 2014 and comes into force on 1st December 2014.

## 2 Amendments to Schedule 7A to the Finance Act 1994 {#article-2}

In Part 1 (descriptions of contract) of Schedule 7A (insurance premium tax: contracts that are not taxable) to the Finance Act 1994, after paragraph 7 insert—
Contracts relating to spacecraft
7A (1) A contract falls within this paragraph if it relates only to the operation of a spacecraft and is a contract of general insurance of a relevant class.
(2) For the purposes of this paragraph, a contract of general insurance is of a relevant class if it insures against risks arising from or in relation to—
(a) accidents,
(b) goods in transit,
(c) fire or natural forces,
(d) damage to, or loss or malfunction of, property, or
(e) general liability to third parties,
(and no other risks).
(3) For the purposes of this paragraph—
(a) the “operation of a spacecraft” means the launch, flight, orbit or re-entry of a spacecraft, and
(b) “spacecraft” includes all component parts of its launch vehicle.
.

## 3 Amendments to Schedule 7A to the Finance Act 1994 {#article-3}

In Part 2 (interpretation) of that Schedule in paragraph 16A after “7,” insert “7A,”.