VAT in Insurance

Quorum Training Ltd.
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

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This course covers those aspects of VAT specific to the insurance industry. It is intended for those with responsibility for the VAT accounting of insurance companies, brokers and underwriting agents. It will also consider VAT mitigation techniques with reference to decided cases. A prior knowledge of the topics covered in Introduction to VAT in Financial Services is assumed.

Programme

HOW VAT AFFECTS INSURANCE TRANSACTIONS
A review of the key issues
Basic compliance issues
Basic VAT planning
THE EXEMPTION FOR INSURANCE TRANSACTIONS
UK insurance premiums and commission
Transactions which are not exempt
Intermediaries
The problems of outsourcing
Investment and other income

INTERNATIONAL SERVICES
Exempt premiums
’Outside the scope’ premiums
The effects on VAT recovery
Commissions
PARTIAL EXEMPTION

The basic principles
Direct attribution
Special methods of apportionment

DEALING WITH HMRC

Specific compliance issues for insurance
Planning points
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

Income Tax
Capital Gains Tax
Inheritance Tax
Taxation of UK Trusts
Risk Management in Tax
Charity Tax
VAT in Europe
VAT - International Services
VAT in Financial Services
VAT in Banking
Employment Law
Company Law Update
Competition Law
Contract Law
Copyright Law
Trademark Law
Assertiveness
Negotiation
Positive Influencing Skills

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