Tax Journal: Tax risk insurance - a practical guide
July 28, 2023
Tax risk insurance has developed rapidly over the past decade and
is now regularly seen in an M&A context as well as a range of other
situations. Used correctly it can be a valuable product for taxpayers,
but cover can be impacted by the way taxpayers and their advisers
approach the process. In order to obtain tax risk insurance on
the best terms possible it is important to: work with the broker
to ensure that the submission is as clear and comprehensive as
possible; consider all terms received in the round (not just price);
proactively engage in the underwriting process; and pay close
attention to the policy – this is usually the sole basis of recourse for
the risk in question read more...