May 22 - Seminar For Gibraltar Insurers To Explain Important Tax Changes In UK
The Gibraltar Insurance Association (GIA), with the assistance of EY, is holding a seminar on 28 May with the objective of clarifying recent changes to international tax regulation and its impact for commercial, financial and operational aspects of insurers.
The seminar will address the new Diverted Profits Tax (DPT), introduced by the UK Government, and which was effective from 1st April 2015.
Chris Johnson, Chairman of GIA, said “EY is one of the most important firms of accountants and consultants in Gibraltar and lead the Association’s activities in the tax arena.
“I am very grateful to them for presenting this seminar, which I think will be of considerable interest to all our members.
“Death and taxes are two of life’s certainties, so I’m delighted EY will help us walk into the light!”
Jenny Coletta, Insurance Tax Partner, at EY in the UK, will lead the seminar. Over the last 15 years Jenny has worked exclusively with insurers in providing international insurance tax services. She is a member of the EY Insurance Tax Network, a team of specialists focusing on the insurance sector across 13 jurisdictions (including Gibraltar). In addition she has led discussions with HMRC on Base Erosion and Profits Shifting (BEPS) and on Diverted Profits Tax and the impact of these on the insurance industry.
Neil Rumford, Tax Partner at EY in Gibraltar said: “Global insurance groups are facing a period of unprecedented change in the tax landscape.
“Diverted Profits Tax has been introduced in the midst of much publicity around perceived tax avoidance by multinational corporations.
“Although not aimed specifically at the insurance industry, this new tax can be highly relevant to insurers based outside the UK who have UK customers, or who are otherwise receiving premiums or other income from the UK.
“Jenny has been at the heart of addressing this and other tax issues from the perspective of the insurance industry. Being fully informed of the implications of these changes will be key to successfully navigating the new tax landscape.”
The event is at 2.30pm on Thursday 28th May at the Finance Centre Boardroom (Suite 761, Europort). Registration and coffee will be from 2pm with the discussion planned to finish by 4pm.
Numbers are limited and reservations can be secured by contacting Neil at This email address is being protected from spambots. You need JavaScript enabled to view it..
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