IPT05870 - Calculating the value of the premium: types of contract covering exempt and taxable risks: business with no non-UK establishment
You may find that insurers writing a policy for an insured with only UK establishments will maintain that the related premium should be apportioned to reflect the fact that the insured has an 바카라 사이트˜exposure바카라 사이트™ abroad. For example, if the insured has a world-wide product liability policy but only a UK establishment, then the related premium may not be apportioned. Although the insured party may perceive that they have a non-UK risk, that risk does not attach to a non-UK establishment. No part of the insured바카라 사이트™s risk is therefore located abroad for IPT purposes. You should therefore reject any arguments for apportionment on the grounds of exposure where an insured has no establishment abroad.