Trends: Insurance Premium Tax

How can insurers survive and prosper in today’s digital age?

The tsunami of Governments making tax digital is spreading. Against this backdrop, insurance companies are under increasing pressure to protect their profit margins in the face of mounting competition from new entrants and often aged legacy systems.

This report takes a holistic view at the fate of insurance premium tax compliance. Containing thoughts and views from the Sovos global practice including our IPT, software, VAT, e-invoicing and other subject matter experts it provides an insight into the challenges governments are facing and how insurers need to adapt to survive and prosper in today’s digital age. It also contains some more topic specific articles drawing on our knowledge and experiences of 2018.