Insurance Premium Tax: A User's Guide - Softcover

Chesham, Mark

Softcover

ISBN 10: 1913507254 ISBN 13: 9781913507251

Verlag: Spiramus Press, 2023

Inhaltsangabe

Insurance Premium Tax is a guide for practitioners and those involved in the insurance industry. It summarises how the IPT is applied in practice, the definition of an insurance contract, looks at exemptions from the tax, the application of the higher rate and issues affecting non UK risks and global policies. It also explores compliance issues such as IPT registration, the submission of returns and payment of the tax, changes in rates and the penalty regime.

The major change that has taken place since the first edition has been the UK leaving the European Union. The author explains why this does not impact greatly on IPT, though it makes the discussion on the legality of the tax otiose.

In November 2020, HMRC announced a consultation on IPT. This looked at three main areas: unregistered insurers, some 'avoidance' structures involving administration fees and the administration of the tax. The author reports on the consultation and HMRC reaction to industry responses.

Über diesen Titel

Über die Autorin bzw. den Autor

Mark Chesham has specialised in advising businesses in the financial services and insurance sectors for nearly 25 years. He started with HM Customs and Excise, working in a specialist insurance team, before spending 15 years in two of the 'Big 4' accounting firms. He set up his own consultancy practice in 2005 and is now Director of Indirect Tax Services at Moore Stephens. He is a member of the Chartered Insurance Institute and the VAT Practitioners Group.

Details zur Ausgabe

• Verlag: Spiramus Press
• Erscheinungsdatum: 2023
• Sprache: Englisch
• ISBN 10: 1913507254
• ISBN 13: 9781913507251
• Einband: Taschenbuch
• Auflage: 2
• Anzahl der Seiten: 132
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: preigu; mail@preigu.de; ; Lengericher Landstr. 19; Osnabrück; 49078; Deutschland