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FiscalReps are excited to announce they have been shortlisted in the Captive Live Service Awards! FiscalReps have been shortlisted in the Captive Live Service Awards for both the ‘Tax advisory firm of the year’ and ‘Technology firm of the year’ categories. Competition entry: FiscalReps are global premium tax specialists offering Outsourcing, Technology, Consulting & Training solutions to the insurance industry. Founded in 2003 by Mike Stalley, FiscalReps is the market leader is premium tax compliance solutions and has a client base of over 200 insurers, captive companies writing multi-jurisdictional polices and risk managers, including many of the world’s largest organisations. FiscalReps has recently expanded its services to include VAT advice and compliance for the insurance industry. Working with the captive managers, FiscalReps have worked on behalf of US domiciled parent companies to manage their captives’ premium tax liabilities. For example; in 2007 FiscalReps were appointed the fiscal representative for the captive of a US domiciled parent company in 19 territories. FiscalReps has since managed the premium tax compliance process from their offices in London, UK. FiscalReps has advised on not only the Insurance Premium Tax (IPT) but also parafiscal taxes, stamp duties, funds, levies and pools relating to the General Liability, Excess Motor, Excess Liability and Employee Liability business that this parent company are writing through their captive. FiscalReps has also pioneered their own premium tax compliance software; taxbox®. taxbox: •

is a unique application that enables insurance writing entities to manage their IPT liabilities in-house

checks the premium tax rates applied to policies and automatically completes premium tax returns ready for submission to tax authorities

enables you to remain fully compliant with IPT and parafiscal regulations

easily handles the intricacies of EU IPT and parafiscal tax regimes

maintains detailed records of all transactions

is a world class compliance tool for Captive Managers -

Flexibility and scalability mean taxbox can simultaneously manage tailored filing arrangements for multiple accounts

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Its efficiency means managers do not need to expand administrative resources as their captive client bases grow

Managers can provide clearly documented proof to clients that compliance is maintained at all times

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t: +44 (0)20 7036 8070 | f: +44 (0)1252 379 671 | www.fiscalreps.com @fiscalreps FiscalReps

London office: 10 Fenchurch Avenue | London | EC3M 5BN | UK Head office: 200 Fowler Avenue | Farnborough Business Park | Farnborough | Hampshire | GU14 7JP | UK FiscalReps is a trading name of Fiscal Reps Limited | Registered in England and Wales (company number 4994134) FiscalReps®, taxbox® and taxDNA® are all registered trademarks owned by Fiscal Reps Limited


provides a complementary tool to global insurers own tax databases, enabling further efficiencies and quality control

provides small and mid-size insurers with a cost-effective means of achieving IPT compliance across the EU

is tailored to your own systems and is quick and easy to use

is always up-to-date and reliable

FiscalReps’ second software offering is taxDNA®; a pre-policy calculation tool to help captives calculate their premium tax liabilities based on their premium allocation. taxDNA® is adaptable enough to be able to recalculate the premium taxes if the premium allocation changes and feed the final calculation directly into taxbox® to complete the compliance process. These web-based applications are also capable of feeding premium tax rates directly into underwriting software enabling captives to bed the essential tax information into current procedure. Live premium tax changes are managed by FiscalReps to ensure their clients have all the latest information to be able to quickly and correctly calculate their premium tax liabilities. FiscalReps endeavour to offer a comprehensive and complete solution to the increasingly complex area of premium tax compliance, ensuring captives and their parents have a one-stop solution for all their premium tax requirements.

t: +44 (0)20 7036 8070 | f: +44 (0)1252 379 671 | www.fiscalreps.com @fiscalreps FiscalReps

London office: 10 Fenchurch Avenue | London | EC3M 5BN | UK Head office: 200 Fowler Avenue | Farnborough Business Park | Farnborough | Hampshire | GU14 7JP | UK FiscalReps is a trading name of Fiscal Reps Limited | Registered in England and Wales (company number 4994134) FiscalReps®, taxbox® and taxDNA® are all registered trademarks owned by Fiscal Reps Limited


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