Purchased life annuities: overseas payers: release from requirement to appoint a tax representative: procedure for agreeing release with HMRC
Application for release from requirement to appoint a tax representative
A non-UK insurer may apply to HMRC, under regulation 17, to be released from the requirement to appoint a tax representative by making a declaration that it will conduct life annuity business in accordance with the law applicable in the UK including in The Income Tax (Purchased Life Annuities) Regulations 2008 SI2008/562 as amended by SI2008/1481.
If HMRC agree to the request to be released from the obligation, the insurer will need to ensure that they comply with the procedures relating to the partial exemption scheme as set out in IPTM4350 onwards.
If the declaration given does not specify that the insurer will conduct life annuity business as set out in the first paragraph above, then HMRC will not agree to the release of the insurer from appointing a tax representative.
Applications for release should be sent to HMRC at the contact address given in IPTM4430.