The unprecedented level of change faced by the insurance industry brings with it considerable challenges for both businesses and consumers. Most, if not all, of these changes will impact the tax profile and tax risks facing insurers and require careful thought about the impact of these changes.
We are seeing significant activity in the market on the new life insurance corporate tax regime, FATCA, and tax in Solvency II as well as an increasing focus on employee taxes and operational taxes. In addition, the new Controlled Foreign Company rules present a challenge, but also an opportunity for UK parented firms. There are a number of articles below discussing these and other hot topics so please feel free to look through them and contact the author or one of our insurance team if you would like any further information.