IPTM4430 - Purchased life
annuities: overseas payers: nomination of a tax representative:
approval procedure: information to be sent to HMRC
Once an insurer has nominated a person to be their tax
representative, details of the nomination should be sent to
CT&VAT (Technical) Insurance Group, 3rd Floor, 100 Parliament
Street, London, SW1A 2BQ for approval. The following information
must be sent
- the full name or title under which the
non-UK insurer is registered in the country in which its principal
place of business is situated and its address in that country
- the business address of any permanent
establishment which the non-UK insurer has in the UK
- the name of the person nominated and
-
where the person nominated is
an individual, the address of that person’s
fixed place of residence in the UK
-
where the person nominated is
not an individual, the address of that
person’s business establishment in the UK
- the consent of the person nominated that
they are willing to and able to secure that the relevant duties are
discharged by or on behalf of the non-UK insurer. This should be
signed
- where the person nominated is an individual, by
the individual,
- where the person nominated is a company, by the
‘proper officer of the company’,
- where the person nominated is a partnership, by
any partner who is an individual
- the HMRC office to which the nominated
person submits tax returns along with their tax reference.
The ‘proper officer of the company’ is the secretary
or person acting as the secretary, or some other person authorised to act
on the company’s behalf.
Incomplete information
A nomination that does not include all of the information listed
above will not be treated as valid. HMRC will write to a non-UK
insurer who submits an invalid nomination to tell it what
amendments it needs to make to the nomination.
Where the insurer knows of any changes to the information
provided in the nomination, they must, as soon as practicable,
notify HMRC of the changes.
