Insurance and Reinsurance in UK Law

  • Chapter GIM4270
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    • HM Revenue & Customs
    .... . . Insurance and reinsurance transactions, and services related to insurance and ......
  • Chapter GIM8360
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    • HM Revenue & Customs
    ......Most financial insurance and reinsurance will be accounted for in a way that is acceptable for tax ......
  • Chapter LAM12300
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    • HM Revenue & Customs
    ...... There are no special diverted profits tax provisions for life insurance companies. There are a number of insurance examples provided in the ... Insurance groups with intragroup reinsurance DPT1390 example 1. Insurance groups providing offshore bonds DPT1390 ......
  • Chapter IPT02260
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    .... . . . Reinsurance is itself insurance used by insurers to offset their risk under primary ......
  • Chapter GIM12070
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    • HM Revenue & Customs
    ......True premium taxes (such as the United Kingdom’s insurance premium tax) are in the nature of indirect taxes, and while they are ...This is charged on insurance and reinsurance premiums paid to foreign insurers at a rate of 4% or 1%. The1975 UK/USA ......
  • Chapter INTM286420
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    ......TIOPA10/Part 9A/CH7 looks at profits that arise from captive insurance business. Profits that are potentially subject to a Chapter 7 charge are hose that arise from the insurance (and reinsurance) of risks originating within a UK connected group company and the ......
  • Chapter INTM210700
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    ...... limits the scope of TIOPA10/S371GA(2)(a) in its application to reinsurance contracts. They shall be included only to the extent that the “original contract of insurance” would fall within TIOPA10/S371GA(2)(a). “Original contract of ......
  • Chapter GIM11010
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    • HM Revenue & Customs
    ...... phrase ‘captive insurer’ refers to a (usually) wholly owned insurance subsidiary within a group of companies, which in many cases is not itself ...Reinsurance captive: the premiums go to a fronting insurance company, which passes on ......
  • Chapter INTM210100
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    .... . . Captive insurance companies are insurance companies established with the specific objective ...It is common within the insurance industry to refer to reinsurance companies as captive insurers, even though they will generally be ......
  • Chapter GIM3180
    • HMRC Guidance manuals
    • Formularios de Derecho Civil, Mercantil y Registral
    • HM Revenue & Customs
    ...... II of IPRU(INS) correspond to business within the 18 general insurance business classes These are different from the groups for the purposes of ... Accounting classes for direct insurance and facultative reinsurance.  . . .  .  . . . 1. ......
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