25 Mar 2015
09:00 - 12:00
VAT on Claims Costs | Airmic Offices | 6 Lloyd's Avenue | London | EC3N 3AX
Peter Hewitt FTII, Director - VAT, FiscalReps is presenting an Academy Workshop for Airmic members on the morning of 25 March 2015.
The objective of this workshop is to enlighten insurers as to the impact of VAT on claims costs, both for claims fulfilment and associated costs such as claims handlers and loss adjustors. A brief refresher of the principles of EU VAT as they apply to insurance and related supplies will be followed by discussion of the attitude of tax authorities to insurers in the UK and, if appropriate, elsewhere in the EU. There will be detailed discussion on how claims costs should be incurred in different scenarios. The morning will include worked examples as well as high level analysis of the relevant court cases.
Attendees should have a basic knowledge of VAT and partial exemption, and can expect to take away new ideas on how to deal with claims. They will also be prepared for a challenge by the tax authority on the input VAT deduction rules surrounding claims costs. Finally they will understand the possible future changes in the UK and certain other Member States.
Click here to register.