Outsourcing is generally defined as the contracting out of a business function, which was previously performed in-house to an external provider. There are often many reasons for outsourcing your organisations insurance premium tax compliance responsibilities to FiscalReps; many of our clients have decided to outsource in order to;

Drive COST SAVINGS within the business FiscalReps are able to take advantage of internal economies of scale to develop a solution which in most cases will deliver an enhanced service for a lower cost than the current mode of operation.
Enable management to FOCUS ON CORE BUSINESS FiscalReps take responsibility for all aspects of premium tax compliance outsourcing allowing clients to focus on their core business safe in the knowledge that they remain 100% tax compliant.
Gain access to SPECIALIST PREMIUM TAX TECHNICAL KNOWLEDGE outside of the business FiscalReps are premium tax specialists and have built a market-leading team of knowledgeable and experienced tax professionals, which are all on call to assist clients with their specific compliance challenges.
Improve OPERATIONAL EXPERTISE by partnering with industry specialists The FiscalReps compliance process has been perfected over many years achieving an unparalleled level of operational expertise, resulting in over £100m of premium taxes being successfully settled on behalf of clients.
Enhance RISK MANAGEMENT and corporate governance by buying in specialist skills FiscalReps processes are robust and visible. Designed to be compliant with FSA and Solvency II outsourcing regulations, clients using FiscalReps can be assured that no risks will be taken with their premium tax compliance.

Since 2003 FiscalReps has provided a unique and innovative outsourced premium tax compliance solution for the insurance industry. By developing skills, expertise and technical knowledge and building a robust business processing model FiscalReps has enabled over 200 insurance company clients to achieve full premium tax compliance effectively and efficiently by outsourcing the entire process to FiscalReps.