Managing tax liabilities as the recession bites

Uncertainty over the UK’s fiscal policy has been blamed for the exit of several Lloyd’s players recently but David Brinan of Axiom Consulting Limited says players should be aware of new opportunities to reduce tax bills, particularly in an economic downturn

In this world nothing is certain but death and taxes, said noted American writer, scientist and politician Benjamin Franklin. He was right about the former which is unquestionably non-negotiable, but on the question of taxes there is fortunately a little more room for manoeuvre.