Most London market insurers sorted over Federal Excise Tax
A majority of London company market insurers and reinsurers have now taken the necessary steps to evidence their exemption from Federal Excise Tax , the International Underwriting Association has revealed.
A new UK/US Tax Treaty, which came into effect on 1 January 2004, states that UK registered companies should prove their exemption from FET – either by entering into a closing agreement with theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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