Features

taxbox™ is a flexible online application that can be tailored to suit the exact needs of your business. The essential features are detailed below.

taxbox brings a new level of efficiency and cost-effectiveness to the management of Insurance Premium Tax compliance.

• taxbox automates many labour-intensive tasks.
• taxbox enables users to gain efficiencies, as online filing of returns is likely to become more common in the future.

taxbox enables you to remain fully compliant with IPT and parafiscal regulations.

• taxbox's IPT Dashboard display shows all upcoming tasks, ensuring no deadlines are missed.
• Automated preparation of tax returns ensures there is no delay in filing.

taxbox easily handles the intricacies of EU IPT and parafiscal tax regimes.

• FiscalReps initially built taxbox for internal use, based upon its unrivalled practical knowledge of calculating and filing returns across the EU.
• This is a principal strength of a solution built by IPT experts, rather than generic software providers

taxbox maintains detailed records of all transactions.

• Comprehensive audit trails are provided as a matter of course and are automatically stored and archived
• Users can respond immediately and confidently to inspections by tax authorities, regulators, clients and courts

taxbox is a world class compliance tool for Captive Managers.

• Flexibility and scalability mean taxbox can simultaneously manage tailored filing arrangements for multiple accounts
• Its efficiency means that managers do not need to expand their administrative resources as their captive client bases grow
• Managers can provide clearly documented proof to clients that compliance is maintained at all times
• taxbox enables managers to apply best practice to IPT compliance

taxbox provides a complementary tool to global insurers’ own tax databases, enabling further efficiencies and quality control.

• Insurers can import their own data into taxbox in order to automate the generation of returns
• FiscalReps’ EU-centred tax data complements databases focused on the US or other markets
• Transparency, report generation and audit trail functionality mean taxbox can provide detail and clarity for board-level review
• taxbox enhances the effectiveness of tax compliance departments without adding to headcount

taxbox provides small and mid-size insurers with a cost-effective means of achieving IPT compliance across the EU.

• Niche insurers, which may only occasionally need to file IPT returns outside of their home market, can achieve major cost savings by calculating and generating returns online via taxbox
• FiscalReps can still provide local representation to file taxbox-generated returns

taxbox is tailored to your own systems and is quick and easy to use.

• FiscalReps tailors taxbox to match clients’ own business class terminology
• Client data is quickly loaded using .xls or .csv file formats
• FiscalReps’ Client Services team provides comprehensive training and user support

taxbox is always up-to-date and reliable.

• taxbox is a remotely hosted application; FiscalReps can implement any changes in tax rates or regulations immediately, bringing users the very latest information
• taxbox has been created using proven Internet technologies
• taxbox is hosted on high performance computer servers with full back up and redundancy

taxbox is secure.

• taxbox allows multiple user profiles with differing permission levels; employers can determine which staff can view and edit data
• Audit trails and data storage ensure that files can be fully retrieved in the event of human error
• FiscalReps is committed to best practice information security and is pursuing compliance and certification to ISO27001, the global best practice security standard