As the only company focused specifically on this niche market of international tax compliance, FiscalReps has established a reputation as the leading experts in this field. In an ever-increasing compliance driven environment, training staff in the area of Insurance Premium Tax (IPT) compliance can have a direct financial benefit by mitigating the risk of premium tax non-compliance.

In 2011, over 200 insurance industry professionals have attended FiscalReps Training and the feedback has been extremely positive.

These one day training courses will give all attendees ample practical and technical knowledge of IPT to make an immediate and positive impact within their organisation. The courses are run in an interactive format using a variety of learning mediums including presentations, group discussions and application of knowledge by worked examples. There are a maximum number of 12 attendees per course.

All participants will have the opportunity to evaluate the course on completion. This feedback enables to constantly update and improve our syllabus. All participants will receive FiscalReps certification on successful completion of the course and a comprehensive Learning Pack.

Location 

The majority of our courses are held in central London; however we can hold our courses in-house at your offices if requested. Our principal training venue is 10 Fenchurch Avenue, London EC3M 5BN

Car parking is available nearby
Bank station 5 minutes on foot: Northern, Central, DLR and Waterloo & City lines
Monument station 5 minutes on foot: Circle and District lines
Liverpool Street station 10 minutes on foot: National Rail network
Fenchurch Street station 2 minutes on foot: National Rail network
London City Airport 25 minutes by DLR to Bank station

Course directory  

IPT Courses

1. IPT Basics

The Basic course gives attendees entry point information on the regulations and laws governing premium taxes across the EU, considering the regional differences and highlighting the sources of information available in order to collect reliable and accurate tax rate information.

After introducing the concepts of Location of Risk and Class of Business and how they impact the calculation of premium taxes, worked examples are used to demonstrate how premium and other parafiscal taxes are calculated.

Finally, delegates are given an introduction into premium tax compliance, highlighting the multitude of regular compliance requirements for taxpayers, and what can happen if compliance failures occur.

2. IPT Intermediate

Building on the knowledge gained on the Basics course, Intermediate focusses on detailed premium tax issues that relate to specific classes of insurance business.

The Intermediate course also expands the area of premium allocation, identifying the criteria used to determine the appropriate allocation methodology and demonstrating calculations through worked examples.

Finally the Intermediate course considers the premium tax implications for policyholders, brokers and insurers when writing global programs either on a non-admitted basis or in co-insurance arrangements.

3. IPT Advanced

The Advanced course details the systems, processing and accounting requirements for accurate premium tax reporting.

Covering accounting requirements and financial implications of tax errors, the Advanced course provides delegates with guidance when dealing with tax office inspections or audits and finally considers at a high level how to translate the corporate governance of an organisation into a robust and effective premium tax compliance system.

Country Specific IPT Courses

Aimed at insurance market practitioners who have specific responsibilities for tax compliance or are involved in the underwriting, placing or purchasing of insurance in certain territories these series of 16 courses will provide a synopsis of insurance premium tax compliance issues that exist on a country by country basis. Each course lasts 2 hours. Discounts are available for block purchases of country specific courses.

The topics covered will include:

This 16 country series covers:

  1. UK
  2. Ireland
  3. Denmark
  4. Finland
  5. Italy
  6. Austria
  7. Belgium
  8. Luxembourg
  9. France
  10. Spain
  11. Portugal
  12. Germany
  13. Greece
  14. Netherlands
  15. Federal Taxes in the US
  16. Federal Taxes in Canada

Bespoke Training

FiscalReps Training delivers bespoke training for your individual organisations requirements. Instead of attending our Fenchurch Avenue training, why not have our Training team come to you which will save on travel and accommodation costs. This also enables you to release more of your employees to attend the training.

Training calendar

Dates to be confirmed for country specific training.

   
5 March 2012 IPT Basics
6 March 2012 IPT Intermediate
7 March 2012 IPT Advanced
24 September 2012 IPT Basics
25 September 2012 IPT Intermediate
26 September 2012 IPT Advanced

Your trainer  

Your trainer will be Mike Stalley FCA, Chief Executive of Fiscal Reps Limited, who offers over 15 years experience of insurance and financial services. A qualified chartered accountant with extensive experience of international insurance operations, Mike oversees all aspects of both the day-to-day and long-term operations of FiscalReps. Mike founded the company in 2003 after encountering first-hand the challenges of achieving IPT compliance in the European Union. 

Booking information  

Attendees wishing to sign up more than one course can avail of the following discounts:

Country Specific Courses – £150 per course.

Bespoke – Price available on request 

For more information 

Contact: email or +44 (0)20 7663 5672