IPT – Goods in Transit Location of Risk

Sovos
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 leading global provider of software that safeguards businesses from the burden and risk of modern transactional taxes. As VAT and sales and use tax go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports more than 7,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.
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