Company growth with strategy

19 May: A guide to Tax Insurance

Taxation is one of the most politicised areas of law and therefore frequently subject to change. This means that businesses and their advisors have the ever more complex job of keeping up to date with a vast amount of frequently changing rules. Tax insurance is a developing insurance market. The scope and availability of cover is evolving and there is multiple tax risk that can be covered by insurance. Just to name a few, it is possible to obtain cover for the tax, interest, penalties, defence costs and gross-up in the event the insurance proceeds were to be subject to tax.