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Danger Ahead? FiscalReps IPT Forum To Advise On Next Year’s Insurance Tax Changes

Financial Services - 25th October 2010

London, England, October 25, 2010 – The implications of the UK’s forthcoming insurance premium tax (IPT) rises will be one of the many topical issues discussed at next month’s 2010 FiscalReps IPT Forum.

The Forum, now in its fifth year, has become established as the premier annual gathering for insurance professionals to discuss and learn about the latest tax compliance issues affecting insureds, insurers and brokers.

This year’s event will be held on Friday November 26 at Trinity House, Tower Hill, London EC3N 4DH. Host FiscalReps, the European market leader in IPT compliance services, has secured a line-up of expert speakers from across the industry.

Mike Stalley, FiscalReps’ founder and chief executive, says: “With public finances overstretched in many economies, the UK’s forthcoming IPT rate rises are likely to be just the start of a new period of governmental focus on insurance taxes internationally. The FiscalReps IPT Forum will provide an invaluable opportunity to hear from industry experts on what to expect and how to prepare.”

Stalley himself will introduce the morning by taking stock of the key IPT compliance developments of 2010 and looking forward to what 2011 has in store. In particular, he will discuss the changes to UK IPT that will take effect in January 2011 and the implications of changing fiscal representation requirements in certain international territories.

Economic commentator Roger Nightingale will give his views on the worldwide economic environment in which insurance and tax decisions will be taken in 2011. With economic recovery still fragile, Roger will discuss the risks of another recession and what – if anything – authorities could do to respond. He will also cover issues of international trade and trends in the capital markets.

George Zafiriou, Group CEO of Athens-based international insurance broker Comergon, will use the notorious complexities of Greece’s tax system to illustrate the wider challenges of tax compliance for international insurers.

John Wallis, credit manager at Travelers Insurance, will share insights into how his organisation built a robust system for managing its tax compliance obligations around the globe.

The FiscalReps IPT Forum will begin with registration at 9.00am and finish with a networking lunch, expected to conclude by 1.30pm.

Spaces are limited. To book, contact Gillian Perry: +44 (0)1483 813840,