The attached spreadsheets set out the timetable for tax collections made by Market Services in respect of US Federal Income and Excise Tax, Canadian Tax and Singapore Tax.
The first spreadsheet shows the timetable by tax and the second shows the timetable through the calendar year. Dates of collection from the syndicate are approximate only and may vary by a few days either side. This is in particular the case with US Federal Excise tax collections due to the fact that the data necessary to compute the tax is not available 3 working days after the month end and we then provide the Market with 10 days notice of collection. This can also mean that in some cases Lloyd's funds the tax to ensure that payment deadlines are met and this explains why in some cases the due date for payment to the Tax Authority is earlier than the date of collection from the syndicates
You should also note that there may be further collections of tax throughout the year in the case of audit adjustments. We will however endeavour to provide the Market with 10 days notice of collection for such ad hoc collections.
Click on this link for details of the 2009 tax payments by tax (12.93KB)
Click on this link for details of the 2009 tax payments by month (10.49KB)
