Tax
Tax Avoidance: Insurers warned over tax avoidance after WHA loses appeal in NIG VAT case
VAT not recoverable in offshore scheme involving NIG, Crystal and Viscount
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
Guernsey and Hong Kong sign double taxation agreement
Guernsey has signed a double taxation arrangement with Hong Kong, taking the number of jurisdictions it has full DTAs in place with to seven.
Insurance Europe lobbies US over foreign reinsurer tax
Trade body Insurance Europe has written the US Congress regarding proposals to disallow a tax reduction for some foreign affiliated reinsurance premiums.
Insurance sector responds to Budget
Members of the insurance industry have responded to today's Budget.
Budget offers tax relief to SMEs as growth forecast halved
The Chancellor has announced that employers will have the first £2000 cut from their national insurance bill.
Westinsure boss Erwin mulling over appeal on 20% tax ruling
Westinure is considering an appeal against a ruling upheld by the First-tier Tribunal stating that broker networks that provide better deals via larger insurers must charge members full UK VAT at 20%.
FTT ruling triggers 20% tax implications for brokers
Networks that enable broker members to gain access to better terms with larger insurers must charge full UK VAT at 20%, the First-tier Tribunal ruled yesterday.
Guernsey regulator recruits Central Bank of Ireland risk boss
Guernsey’s financial services regulator has swooped for its new director general, recruiting the Central Bank of Ireland’s head of risk.
Efra chair pushes alternative flood-risk proposal as SoP pressure mounts
The possibility of using a proportion of insurance premium tax to subsidise a pool of last resort for flood-prone homeowners has been championed by the chair of the Environment, Food and Rural Affairs Committee.
Challenges and opportunities abound in 2013
Against the backdrop of a challenging economic climate and continued uncertainty over both the timescales for implementation of European regulation and varied national approaches to the adoption of it, European insurers face a number of critical…
Premium taxes soar across Europe
Insurance premium taxes are rising all over Europe as pressure from finance deficits and a worsening economic outlook hits home, according to the Insurance Underwriting Association.
The indirect tax problem
Tax compliance can be a challenging issue for insurers and as Anne-Louise Fogtmann discovers unprecedented levels of indirect tax changes across Europe in 2013 are likely to keep insurers on their toes.
Aon revisits bonus payout decision
Insurance broker Aon is considering backtracking on an offer to delay payment of employee bonuses until the start of the new tax year, according to reports.
Aon defers bonuses to benefit from lower tax
Aon has offered staff the option to benefit from lower income tax by delaying bonus payments until after April.
Motor tax to hit French policyholders
French policyholders will bear the brunt of a new motor premium tax according to consultancy Fiscal Reps.
European View from the Top: The tax obligation
On 9 December 2012, Danny Alexander, Chief Secretary to HM Treasury, told multinational firms that paying UK corporation tax is an obligation, not "a voluntary choice" they can make to please their customers.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Tax changes cause new year headaches for European insurers
Tax changes that came into effect in Denmark, Hungary and the Netherlands on 1 January 2013 could pose challenges for insurers and brokers.
Corporation tax could hit 20%: PWC
UK Chancellor George Osborne could shave corporation tax further next year following his announcement that it would fall to 21% by April 2014.
Guernsey’s zero-10 regime gets EU approval
Guernsey’s zero-10 corporate tax regime has been given the final seal of approval by the European Union.
Corporation tax cuts are 'encouraging', says RSA SME boss
RSA has applauded government plans to cut corporation tax to help struggling small and medium-sized businesses.
Chancellor promises corporation tax cuts
The government has pledged to cut corporation tax to 21% by April 2014 in a bid to help struggling British companies.
Top five European news stories
The top five European news stories from wwww.insuranceinsight.com over the past seven days.