As the use of composite laminates are unceasingly increasing more and more in many applications, the in-depth understanding about the impact response of composite laminates in certain areas like sport, aerospace and automotive has gained more attention of the designers and scientists over the last two decades. The authors have focused to review the impact properties of fibre reinforced composites particularly impact damage tolerance. Impact resistance, damage tolerance, composite failure and methods of assessing damage tolerance are presented. Furthermore, the approaches for improving damage tolerance such as fibre architectures resin system, and hybridisation using either yarn hybridisation or hybrid layers are discussed. In the end, a survey of modelling the impact damage of laminated composites is made by considering the inter-laminar and intra-laminar failures as key point for evaluating the response of laminates under impact loading.