IPT – Goods in Transit Location of Risk

Sovos

May 25, 2022

This blog was last updated on May 25, 2022

For Insurance Premium Tax, location of risk is vital in determining the correct tax.

In this episode of the Sovos Expert Series, Anita Blanusic asks Russell Brown, Senior Consulting Manager to explain the location of risk for goods in transit and how it’s determined.

Listen as he answers the following questions:

What is goods in transit insurance?
How is location of risk for goods in transit determined in the European Economic Area (EEA)?
How does storage insurance affect goods in transit location of risk?

For more information on location of risk rules, contact Sovos to speak to one of our IPT experts.

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.

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