UK insurers warned about new 20% EU tax hit on outsourcing
The UK insurance industry has today been warned it is set for increased costs on outsourcing as other EU countries force through the removal of the VAT exemption on outsourced claims handling.
According to TMF VAT & IPT Services the UK's HM Treasury is now preparing the industry for defeat on this concession in order to push forward a wider simplification of the insurance VAT rules. This
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