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Results: 1-10 of 21

ECJ finds against AXA in VAT dispute
  • Locke Lord LLP
  • European Union
  • November 12 2010

In the recent case of AXA UK (Taxation) 2010 EUECJ C-17509, the European Court of Justice (ECJ) was asked by the UK Court of Appeal whether the service of passing payments from patients to dentists was exempted from VAT


New regulations relating to calculation of general insurance technical provisions for tax purposes
  • Locke Lord LLP
  • United Kingdom
  • July 28 2009

The UK's tax authority, Her Majesty's Revenue and Customs (HMRC), has introduced new regulations relating to technical provisions made by general insurers, including members underwriting general insurance business at Lloyd's


New York Insurance Department considering requesting lower federal tax rate
  • Locke Lord LLP
  • USA
  • March 8 2010

According to media reports, New York Insurance Department (the “Department”) Superintendent James Wrynn announced at a membership meeting of the Association of Insurance & Reinsurance Run-Off Companies (AIRROC) that the Department’s tax working group is reviewing whether a revived New York Insurance Exchange (the “Exchange”) should request a lower federal corporate tax rate


Incoming regulations may increase actuarial costs
  • Locke Lord LLP
  • United Kingdom
  • September 2 2009

On 1 September 2009, the General Insurers' Technical Provisions (Appropriate Amount) (Tax) Regulations 2009 (the Regulation) comes into force in the UK


In private letter ruling, IRS says captive reinsurance of fronted pools is “insurance” for tax purposes
  • Locke Lord LLP
  • USA
  • January 4 2010

The Internal Revenue Service (IRS) issued a private letter ruling on December 11, 2009, resolving a taxpayer’s question as to whether its business as a captive reinsurer is "insurance" for tax purposes


California appeals court affirms ruling that Section 28 tax does not apply to surplus lines insurers
  • Locke Lord LLP
  • USA
  • October 7 2010

On September 30, 2010, the California Court of Appeal for the Second Appellate District affirmed a superior court ruling that California Constitution Section 28 taxes do not apply to surplus lines insurers


Change to a company's calculation method of policyholders' tax now permitted
  • Locke Lord LLP
  • United Kingdom
  • December 15 2010

The Insurance Companies (Calculation of Profits: Policy Holders' Tax) (Amendment) Regulations 2010 (the Amendment Regulations) will come into force on 31 December 2010


EU plans for VAT exemption reforms are set to continue
  • Locke Lord LLP
  • European Union
  • December 3 2010

Following a meeting of the Council of the European Union on 17 November 2010, plans to reform the VAT exemption for insurance and the wider financial services industry are set to continue, with Member States agreeing to find a resolution to the current problems


Emergency Budget heralds insurance premium tax rise
  • Locke Lord LLP
  • United Kingdom
  • June 24 2010

On 22 July 2010 the Chancellor of the Exchequer, George Osborne, presented his emergency Budget


Rhode Island 2011 budget - tax implications for surplus lines insurers and medical malpractice joint underwriters association
  • Locke Lord LLP
  • USA
  • June 16 2010

The 2011 Rhode Island state budget, which was enacted as HB 7397A and signed into law June 2, 2010, amends the taxation statutes applicable to surplus lines insurers and the Medical Malpractice Joint Underwriters Association