FiscalReps Insurance Premium Tax Forum, speaker slides

The Fiscal Reps' Insurance Premium Tax Forum in the City on Friday (14th November) discussed the global changes in the finance market and the fact that governments will soon turn to transactional taxes to raise extra revenue.

This was a wake up call delivered by all the speakers, including global economist Roger Nightingale who warned that the fall-out from current economic development will be dramatic. An analysis of the UK IPT Tribunal’s recent ruling on HMRC vs. Homeserve case was given by Robert Hartley, Senior Associate at Lovells; meanwhile US expert on US tax, Asher Harris, discussed the Federal Excise Tax (FET) on insurance premiums.� Steve Mummery, responsible for Financial & Executive Risks (FINEX) standards and compliance at Willis, provided an overview of how different tax authorities interpret "fair" allocation.

Finally, FiscalReps' Consultant Susie Crew discussed how insurers must avoid a ‘tick box’ based approach to any internal IPT review.


To view the speakers slides please see the attached.....
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