London, England, November 1, 2010 – FiscalReps, the European market leader in insurance premium tax (IPT) compliance services, is celebrating the company’s 1,000th fiscal representative appointment.
FiscalReps’ latest compliance appointments include helping an EU-based insurer and its six associated companies calculate and pay IPT and other indirect taxes across all EU territories, and advising a captive insurer on its tax exposures in the EU and North America. In the past year, FiscalReps has paid over £70 million in client premium taxes to national tax authorities.
In addition to FiscalReps’ core work of helping insurers calculate and pay IPT and indirect taxes, the company is increasingly being asked to undertake global premium tax compliance review projects, covering exposures in the US, Canada, Australia and other territories.
Mike Stalley, FiscalReps’ founder and CEO, says: “FiscalReps has come a long way in seven years, going from a start-up business to European market leader of a fast-growing industry. Securing our 1,000th fiscal representative appointment shows how dramatically awareness has grown amongst insurers, brokers and the insured of the need to maintain consistent tax compliance.”
Founded by Stalley in 2003, FiscalReps offers a range of outsourced compliance services, technology products and consultancy services to help insurers and other organisations comply with insurance taxes internationally. The company’s client list includes global and mid-size insurers and brokers, captive managers and major corporations.