Life Office Taxation

Whilst we cannot answer individual tax queries we do welcome all suggestions regarding potential areas of study and ways in which we can improve the effectiveness of our work.  We must, of course, include a disclaimer!  Whilst the material here has been prepared in good faith we cannot accept responsibility for any errors or omissions, or changes since the articles were originally written, and you should seek your own specialist tax advice as required.

Key objectives:

• keep abreast of new developments in the area of Life Office Taxation
• keep the profession informed of developments in Life Office Taxation
• analyse the impact of such developments
• educate and inform members of the profession who are not tax specialists
• consider the implications of Life Office Taxation developments upon actuarial work.

Outputs:

• Life Conference 2018 presentation
• Life Conference 2017 presentation
• Life Conference 2004 (conference handout)
• prepare consultations responses, as required, on behalf of the Life Board
• Reforms to Corporation Tax Loss Relief (IFoA response to HM Revenue & Customs, 2016)
• presentation at Life Insurance Taxation Seminar
• submit articles for The Actuary magazine
• other presentations, response or participation as may be deemed to be required
• CP3/14 Solvency II: recognition of deferred tax (IFoA response to the PRA, 2014)
• Presentation (Life Conference, 2013)
• Prepared: Response to Consultation by HMRC on Life Insurance Companies: A New Tax after Solvency II presentation (Highlights of the Life Conference, 2012)
• Life Insurer Taxation Seminar presentation (September 2012)
• Are You Ready? (Life Conference, 2012)
• Corporate Tax Regime (June 2011)
• Submitted article to The Actuary magazine: Budget 2011 - Consultation on Changes to Life Assurance Taxation (May 2011)
• Tax after Solvency II presentation (Life Conference, 2011)
• Drafted letter for Chair of LPEC to send to HMRC on Taxation of capital support to long term funds.
• Life Office Taxation - Consultation from the Inland Revenue (September 2003)
• Life Office Taxation update - Secondary legislation on tax (September 2003)
• Life Office Taxation update - Life Insurance tax changes (January 2003)
• Life Office Taxation update - taxation of disability business (August 2001)
• Life Office Taxation update on Budget changes (March 2001)
• Inland Revenue Website article (January 2001)