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The UK government introduced the Insurance Premium Tax to raise revenue from the insurance sector, which was viewed as being under-taxed, and not subject to Value Added Tax. [2] The main EU legislation regarding VAT (Council Directive 2006/112/EC) states that insurance and reinsurance transactions, including related services performed by ...
The first basic categorisation of long-term insurance is between life and non-life business. Life insurance business is insurance that is contingent on human life. Examples would include a policy that pays out £100,000 if the policy holder dies within a specified time; a policy that pays out £100,000 in 10 years time, but will pay out £101,000 if the policy holder dies before the policy ...
UK income tax and National Insurance charges (2016–17) UK income tax and National Insurance as a percentage of taxable pay, and marginal income tax and NI rate (2016–17) Annual income percentiles for taxpayers in the UK, before and after income tax. In the SVG file, hover over a graph to highlight it.
National Insurance contributions form a significant proportion of the UK Government's revenue, raising £145 billion in 2019-20 (representing 17.5% of all tax revenue). [ 3 ] The benefit component includes several contributory benefits, availability and amount of which is determined by the claimant's contribution record and circumstances.
This is a list of some of the Insurance Companies carrying on insurance business in Kenya. They are regulated by the Insurance Regulatory Authority: [1] Allianz; Britam Holdings T/A British-American Insurance Company Kenya Limited, and as Real Insurance Company; CIC Insurance Group [2] First Assurance Kenya Limited [3]
Chase Bank Kenya Limited: Financials Banks Nairobi: 1996 Commercial bank P D CIC Insurance Group: Financials Full line insurance Nairobi: 1968 Insurance P A CMC Aviation: Consumer services Airlines Nairobi: 1961 [3] Charter airline, defunct 2011 P D Commercial Bank of Africa: Financials Banks Nairobi: 1962 Commercial bank P A Consolidated Bank ...
The following is a list of regulators in the UK. Regulators exercise regulatory or supervisory authority over a variety of endeavours. In addition, local authorities in the UK provide regulatory functions in a number of areas. Professional associations also act to regulate their memberships. The UK is also bound by a number of European and ...
This category is for "Companies Act companies", which are companies that are created under the 1985 or 2006 Companies Acts, and registered with Companies House as normal, but are fully or partly-owned by the UK Government. Other types of company should go into the relevant sub-category. Companies portal