On 3 June, FiscalReps held a Masterclass for P&I Clubs: IPT Complexity and Compliance
The Masterclass began at 11.00am, and was hosted by Peter Hewitt FTII, Client Director and Head of European Tax Practice; Nick Hammond, Senior IPT Consultant and Felix Welch, IT Project Manager.
Peter Hewitt FTII began with an introduction to the company and a general overview of EU Premium Taxes, noting P&I Club specific details. Nick Hammond then took the lead on the presentations covering hot topics such as ‘Location of Risk’ and ‘IPT in Key Flag States’, keeping the content relevant to the P&I Club audience. The presentations also included examples from an IPT Consultancy Project that FiscalReps had completed for a P&I Club client, and ended with an interactive Question and Answer Session.
The Masterclass was aimed specifically at P&I Clubs, allowing attendees to talk about their current practices when dealing with premium taxes, and to further their knowledge in key areas.