An insurance premium is the sum paid for insurance or reinsurance cover and is the consideration paid by the (re)insured for the (re)insurer’s contractual obligation to...
Insurance premium tax (IPT) is an indirect tax on insurance premiums. Unless an insurance contract is exempt, IPT is charged as a percentage of the premium paid on...
Why is the exemption for financial services important? VAT is a key concern for businesses in the financial sector as the supply of certain types of financial services to...
This Practice Note considers recovery of liability expenses insurance premiums generally. For an introduction to before the event (BTE) insurance and after the event...