Insurance

Sovereign faces big bill

Monday 3rd of February 2014

It was appealing a 2012 High Court ruling in which it was found that it had not given the right tax treatment to reinsurance arrangements with three reinsurers between 2000 and 2006.

Sovereign said it was reviewing the Court of Appeal ruling that upheld the High Court finding and was considering whether to seek leave to appeal.

Chief executive Symon Brewis-Weston said the decision...

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