IPT06325 - Maintaining the IPT Register: Overseas Insurers: Existing representatives

Tax representatives that were acting for overseas insurers prior to 21 July 2008 continued to be jointly and severally liable for any tax due until the Budget changes came into effect. After this date, the representative ceased to be jointly and severally liable for tax due. Authorisation was already in place for existing representatives and, unless we were notified otherwise, HMRC continued to treat them as the nominated agent of the overseas insurer. The former tax representative will have continued to receive IPT returns and will have been expected to complete and submit them as before. The insurer may, however, have amended their own agreements with their tax representative, for example to remove any reference to joint or several liability, but that is purely a matter for the parties concerned.