ECJ ruling on Kvaerner

In 2001, the European Court of Justice passed a ruling that has had far-reaching consequences for the insurance industry within the European Union. As part of their verdict the judges determined that policyholders can be held to account for insurers’ non-compliance with EU insurance premium tax regulations.

Eliminating the EU IPT Headache

The management of IPT liabilities within the EU is a highly complex issue for which many insurance companies have yet to find an efficient solution.

Fiscal Reps Fee Structure

Fiscal Reps Service Agreement

The Big Picture

UK Tax Authority Employs Kvaerner Case Rules to Pursue IPT Payments

A recent legal case involving a subsidiary of DSG International plc –the electrical retailing group formerly known as Dixons – has shown that the UK’s national tax authority, HM Revenue & Customs, is beginning to pursue payment of Insurance Premium Tax (“IPT”) by calling on the precedent of the Kvaerner case. Greg Sinfield, partner at law firm Lovells, says that the DSG case has potential implications for many international organisations.