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It's interesting that so few firms are willing to quote on a US Contract for professional indemnity! Better get my thinking cap on.
Thanks for all the advice so far
Why do you think I mentioned it? The jurisdiction is by far the most litigious in the world and settlements of many tens of millions are quite commonplace.
The surprising thing to me would be if you can get anyone to quote at all. Or to quote for cover at a half reasonable price with fair prospects of actually being able to claim.
Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.
It's interesting that so few firms are willing to quote on a US Contract for professional indemnity! Better get my thinking cap on.
Thanks for all the advice so far
PolicyBee might help you there. No idea if they're any good but they have a page on their website which gives the impression that they will entertain such requests.
It's interesting that so few firms are willing to quote on a US Contract for professional indemnity! Better get my thinking cap on.
Thanks for all the advice so far
Fewer, certainly, but it isn't that hard, you just need to know where to look. Join IPSE and use Randell Dorling, underwritten by Hiscox, or try Kingsbridge. In both cases, you are looking at a few hundred quid for PI cover with Delaware jurisdiction and governing law (obviously more as the PI amount increases).
Only if they are making taxable supplies above the threshold. If all of the income is B2B services with the US client they won’t have any income contributing towards the VAT threshold, so registration would be voluntary (but maybe still worth it for reclaiming VAT on expenses).
Originally posted by TheCyclingProgrammerView Post
Only if they are making taxable supplies above the threshold. If all of the income is B2B services with the US client they won’t have any income contributing towards the VAT threshold, so registration would be voluntary (but maybe still worth it for reclaiming VAT on expenses).
Sure, supplies that are outside of the scope of VAT do not contribute to taxable turnover for VAT registration purposes. It wasn't entirely clear to me whether the US client was the only turnover in question since they were talking about "turnover in the UK" too (which could just mean the same turnover). Either way, registering for VAT is easy and submitting quarterly returns is easy and the OP will probably have some VATable expenses, so there is probably little reason not to register.
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