Event Paper: Transitional Measure on Technical Provisions IFoA Working Party
Andy Rogan
Susan Morgan
November 2017
- What is the TMTP?
- Why do firms have a TMTP?
- How is the TMTP calculated?
- How to recalculate the TMTP
- Recent Changes
Event Paper: Life conference Tax workshop
– November 23rd 2017
Winds of change
• Is the tax regime keeping pace with the change which has been sweeping through the life sector in the UK?
• IFRS 17 – will it be a tsunami for tax, or a gentle wave? • Mainstream tax change can also have unexpected outcomes (2 case studies):
- A problem of understanding the business model
– interest rules; and
- A problem of understanding the regulatory position
– loss restriction rules.
• What to watch? Personal taxes.