FiscalReps Wins “Technology Initiative” and “Rising Star” Awards in the European & UK Captive Awards 2017

London, 11 October 2017 – FiscalReps, the global indirect tax specialist, was celebrating last night having collected several awards at the prestigious ceremony for the European & UK Captive Awards 2017 held in London. 

The company won the “Technology Initiative” Award in recognition of TAXBOX 2® - the company’s global premium tax database and end to end compliance software.  Client Director, Joseph Finbow, was named the “Rising Star” in the Awards and the company was also Highly Commended in the “Tax Advisory” category which is aimed at companies that can demonstrate a deep understanding of pertinent captive issues and use of software products and capabilities.

TAXBOX 2 was recognised by the judges as providing an effective solution to captive insurers supporting compliance and programme management.  “The firm’s initiative demonstrates a deep understanding of the unique challenges facing captives in this area and we were further impressed by the investment made in cutting edge technology.”

Furthermore, the judges noted “Finbow played a key role in setting up FiscalReps’ dedicated captive practice in 2012 and has remained an integral part of its success and growth over the past five years.  His knowledge on insurance premium tax matters is extensive, allowing him to deliver first class compliance advice to captives and some of the largest commercial insurers in Europe.”  The judges also recognised his appetite to go above and beyond his designated role and helping prompt “real change in our industry”.

Last week, the company announced it has been acquired by the global tax compliance and reporting software leader Sovos.  The acquisition is the second in three months for Sovos and adds a critical indirect tax solution to the company’s Intelligent Compliance Cloud as well as expanding its team to meet increased demand for tax and reporting automation across the globe.

Karen Jenner, Client Director at FiscalReps, collected the Technology Initiative Award and commented:  “To be singled out amongst some of the biggest tax advisory firms in the world is something that we are all very proud of as it reflects our continued ability to deliver first class indirect tax compliance solutions for our clients.  These Awards are a wonderful recognition of the reputation we have built as an insurance industry specialist and reflect the continued hard work of our dedicated team.  We are especially delighted that Joseph Finbow was given the “Rising Star” Award.  He has an in-depth understanding of the insurance industry and the role of captives which has helped in strengthening our relationship with local tax authorities.”

This is the first year that the European & UK Captive Awards have been brought together into one event to recognise and reward both captive services providers and captive owners from across the European region.  The Awards commend and reward European and UK providers of captive insurance products and services as well as captives themselves who have outperformed their competitors and peers and demonstrated the highest levels of excellence over the 12 month judging period.