Our IPT specialists support the identification and application of the captive’s insurance against the global tax rates database housed within the tailored captive-specific version of our software tool, IPT Quote.

All TMF Group IPT clients are automatically granted committee membership. Quarterly meetings are held in London, with annual events in Brighton and Frankfurt, that attract senior tax figures from the insurance industry across UK and Europe.

We provide IPT consultancy services to insurance companies, specialist insurers, brokers, cover holders and policyholders.

Our 125 offices around the world include IPT specialists in 36 European centres, the US, Australia and Singapore, co-ordinated by our IPT centre of excellence. TMF Group provide a complete native language IPT compliance service, with all the local expertise and insight you’ll need to keep on top of regulatory developments wherever you write business.

As a professional services firm and leading expert in the field of IPT, TMF Group has developed valuable expertise, knowledge and a detailed understanding of IPT legislation and processes. Our global network of tax specialists allows us to sustain strong relationships with local tax authorities, monitor tax changes and maintain our unrivalled knowledge.

Our bespoke end-to-end service for captives includes an element of complementary IPT consultancy services to support ongoing compliance.

Decatur custom toolparts

Worldwide, more than 5,000 insurance professionals in 100-plus markets now use IPT Quote. They are supported by TMF Group’s IPT centre of excellence and a global network of local compliance experts in more than 125 offices.

The steering committee has been instrumental in driving key system developments within IPT Quote, including treatment and application of:

Image

Decatur custom toolcatalog

Beyond the territories in which we provide compliance services, IPT Quote Captive’s global rate tables provide a window on the way business is written in local markets worldwide, along with the potential insurance tax responsibilities and requirements, helping captives make informed decisions around programme structure and local policy requirements.

TMF Group was the world’s first – and is now the largest – independent provider of fiscal representative and agency services.

Image

TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. with over 11,000 colleagues in more than 125 offices across 87 jurisdictions provide local expertise. Our locations cover 92% of world GDP and 95% of FDI inflow.We are a key part of our clients’ governance, providing the accounting, tax, payroll, fund administration and legal entity management services essential to their success. We make sure rules are followed, reputations protected and operational compliance maintained. We work with the majority of the Fortune Global 500, FTSE 100 and top 300 private equity firms.

At TMF Group, we strongly believe it is important to stay up to date with these changes. Even a small revision to taxation rules could have a significant impact on an insurer’s position and pose a risk to insurance company’s margins or reputation.

IPT Quote Captive models the tax implications of complex programme structures across multiple territories and creates IPT cost estimates at the quotation stage, facilitating accurate, compliant invoicing across all relevant territories once the programme is bound. A central account team coordinates and works alongside our network of local offices to ensure timely and compliant tax return submissions in every jurisdiction.

We have been bringing together major industry players for many years, to discuss international IPT challenges facing the insurance market, and to develop the road map for the ongoing development and refinement of our proprietary software tool, IPT Quote.

Developed in close collaboration with the insurance industry, IPT Quote is endorsed by the London and International Insurance Brokers’ Association (LIIBA). A steering group of key industry professionals guide the ongoing development of the system to ensure it meets the evolving needs of the industry.

If you are interested in bespoke or in-house IPT training sessions, get in touch. We will be able to deliver specific courses tailored to your company needs.

TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. with over 11,000 colleagues in more than 125 offices across 87 jurisdictions provide local expertise. Our locations cover 92% of world GDP and 95% of FDI inflow.

With tax authorities strengthening their position, the introduction of new rules or changes to existing tax regimes can range from changes to rates through to increased reporting requirements.

TMF Group's team of IPT professionals provide the specialist, technical knowledge and industry expertise to handle even the most complex IPT requirements, supported by a global network of wholly owned offices. TMF Group can help you achieve IPT compliance through a variety of solutions and services. From our market-leading software, IPT Quote, through to our outsourced compliance services, bespoke captive solutions, consultancy and IPT training – we have the knowledge, expertise and industry experience to provide the support that ensures your compliance.

This software will revolutionise your IPT calculations and compliance processes – simplifying and automating procedures, as well as reducing risks and errors.

Our consultancy services, led by a team of experienced professionals in our centre of excellence, provide advice and support for all aspects of IPT compliance, including:

A carefully planned onboarding process begins with an audit of your pre-existing arrangements and pending tax authority deadlines, alongside reviewing your requirements and products in detail, for accurate mapping to TMF Group’s global rates database, IPT Quote.

IPT Quote is TMF Group’s proprietary global insurance tax database and calculation engine, providing detailed tax information and an inbuilt tax calculator for use by risk managers, brokers and insurers involved in complex and evolving multinational insurance programmes.

Image

Our IPT centre of excellence acts as your single point of contact to solve cross-border challenges, while ensuring delivery of consistent, complete and efficiently coordinated compliance services.

We can provide a wide range of IPT training courses, delivered by subject matter experts. These courses provide attendees with practical insight into relevant indirect taxation matters, refreshing and adding to existing technical knowledge.

You need your accounting and tax processes to be efficient, scalable and adapted to your business. Our in-country experts and localised technologies can help you reduce costs, manage complexity and mitigate the risks associated with cross-border compliance.