Sovos FiscalReps Crowned “Best Indirect Tax Compliance Software Solutions Provider – UK”

London, 14 March 2018 – Sovos FiscalReps, the market leading insurance premium tax specialist has received further recognition for its software, winning “Best Indirect Tax Compliance Software Solutions Provider – UK”, in the AI 2018 Accounting, Audit & Tax Awards.

Sovos IPT (TAXBOX 2) is the market leading end to end premium tax compliance solution for insurance companies and brokers easing the burden and risk of insurance premium tax (IPT) compliance across Europe by improving the accuracy of rates, automating return filing and providing real-time access to a secure audit trail.

This is the second award Sovos FiscalReps has won for its software, having won the best “Technology Initiative” at the European & UK Captive Awards in October 2017.

The 2018 Accounting, Audit & Tax awards are designed to acknowledge and honour companies within these three sectors who work to provide an exceptional quality of service within the industry. In their 5th year, these global awards recognise the teams, firms, and talented individuals who excel within this ever-expanding sector.

Peter Russell-Smith, Sovos CEO for EMEA, commented “As governments digitise tax collection and European tax authorities look for greater visibility into insurers’ tax liabilities, technology continues to feature in the compliance solution. We’re delighted to receive this independent accolade from AI in recognition of our innovative software solutions. Technology is changing how tax authorities regulate and we will continue to be at the forefront of this digital migration.”