Recent months have seen a number of changes and issues arising for the offshore life industry. The im...
Recent months have seen a number of changes and issues arising for the offshore life industry. The implementation of two pieces of UK legislation, reports and lists emerging from the Organisation for Economic Co-operation and Development (OECD) and the Financial Stability Forum (FSF), and raising standards initiatives within the UK. The implementation of legislation culminated in April as companies put into place their answer to The Overseas Insurers (Tax Representatives) Regulations 1999. This imposes an obligation on the offshore company to inform the UK Inland Revenue of 'final events' ...
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