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Insurance

Are your legal entity structures in order?

Acquisition activity within the insurance sector has led to many business’ legal entity structures become increasingly complex. The result of which is leading to an increase in cost and inefficiency across multiple regulatory rules, relationships and returns.  

18 risks insurers should be aware of in 2018

We asked 18 members of our Actuarial team to tell us what they consider some of the big issues will be in 2018, and how they will affect the insurance industry.

Brexit: have you considered the VAT impact of relocation?

There are a number of tax risks arising from Brexit-driven relocation, but one of the most significant may turn out to be VAT. So, what VAT issues could be causing insurers sleepless nights amid the dark uncertainty that is the current Brexit negotiations?

Culture may not be measurable – but it's definitely manageable!

The FCA maintains its focus on culture and conduct in the context of the Senior Managers and Certification Regime (aka the accountability regime).

London’s offshore financial services future

As a financial centre, London has long had an ‘offshore’ feel about it. Post-Brexit, those offshore characteristics are likely to strengthen, with implications for the UK’s regulation, taxes and infrastructure.  

How to reduce your tax payments

Are you self-employed? If you are, or if you are someone who doesn't pay all their tax at source, you may need to make your second payment on account for 2016-17, due date for payment is 31 July 2017.  

How to reduce your tax payments

Are you self-employed? If you are, or if you are someone who doesn't pay all their tax at source, you may need to make your second payment on account for 2016-17, due date for payment is 31 July 2017.  

Addressing the needs of vulnerable consumers

Being in vulnerable personal circumstances can make it difficult for an individual to make sensible decisions around buying and using financial products and services. It can also make people more susceptible to scams and mis-selling.

Will Britain be the best place to start and grow a business?

Making Tax Digital (MTD) for business? Q. Who will benefit from the deferral on MTD?A. If you are under the current VAT threshold of £83,000 the deferral until April 2019 will give sole traders, small unincoroprated businesses and landlords, a further year to prepare.

Will Britain be the best place to start and grow a business?

Making Tax Digital (MTD) for business? Q. Who will benefit from the deferral on MTD?A. If you are under the current VAT threshold of £83,000 the deferral until April 2019 will give sole traders, small unincoroprated businesses and landlords, a further year to prepare.

The UK has funeral debt close to £150m

The total amount borrowed by people living in the UK to pay for funerals, has hit close to £147 million, as it is revealed almost 95,000 have been slapped with a huge and unexpected funeral bill, with no other choice but to simply borrow, in order to be able to afford it. It is a startling number that demonstrates how unbelievably out of hand the cost of funerals has become. 

The UK has funeral debt close to £150m

The total amount borrowed by people living in the UK to pay for funerals, has hit close to £147 million, as it is revealed almost 95,000 have been slapped with a huge and unexpected funeral bill, with no other choice but to simply borrow, in order to be able to afford it. It is a startling number that demonstrates how unbelievably out of hand the cost of funerals has become. 

Reverse charge pitfalls for partially exempt businesses

The reverse charge VAT rules present a significant risk for partially exempt businesses, but the rules are often overlooked or misunderstood.