UK closes Insurance Tax loophole at consumers’ expense
i-Newswire,
2010-03-11
UK Chancellor announced amendments to tax legislation which was allowing the avoidance of millions of pounds in insurance premium tax (IPT) on insurance administration contracts. It follows the loss earlier this year by the tax authorities, HMRC, of
Italian VAT simplifications to cause long cash delays
i-Newswire,
2010-02-16
International business trading with an Italian VAT registration number face crippling cash flow hold-ups with the introduction of new VAT rules for goods.
German taxman probes foreign insurers
i-Newswire,
2010-01-25
The German Federal Tax office is currently reviewing the local activities of over 500 foreign insurers. With a limited response from insurers to date, there remains open the possibility of action in conjunction with the FSA and HMRC.