Britam Insurance Company Uganda Limited v Uganda Revenue Authority (TAT Application No 68 of 2018)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Tribunal held that fronting and facultative fees earned by an insurance company in respect of reinsurance services are VAT exempt under the Value Added Tax Act. These fees are incidental to the provision of reinsurance services, which are specified as exempt supplies under the Second Schedule to the VAT Act. The insurance company acts as an intermediary performing ancillary services that are consumed or merged with the primary reinsurance service.
Outcome
Application allowed with costs
Facts
Britam Insurance Company Uganda Limited, an insurance company regulated by the Insurance Regulatory Authority, received fronting and facultative fees from other insurance companies for reinsurance services. Uganda Revenue Authority assessed VAT of Shs. 250,023,977 on these fees, comprising Shs. 206,727,735 for fronting fees and Shs. 43,301,242 for facultative fees. The applicant objected, arguing that these fees were exempt from VAT as they were incidental to reinsurance services. Fronting reinsurance involves ceding 100% of the risk to a reinsurer, while facultative reinsurance involves ceding a portion of the risk. In both cases, the applicant retained a small portion of the premium as a fee to cover administrative costs and business acquisition expenses before remitting the balance to the reinsurer.
Issues
- Whether fronting and facultative fees are VAT exempt?
- What remedies are available to the parties?
Orders
- Application in respect of Shs. 250,023,977 allowed.
- Costs awarded to the applicant.
Rules and key headnotes
Legislation cited (15)
- Value Added Tax Act s.19(1)
- Value Added Tax Act Second Schedule Paragraph 1(d)(iv)
- Value Added Tax Act Second Schedule Paragraph 2(f)
- Value Added Tax Act Second Schedule Paragraph 2(vi)
- Value Added Tax Act s.1
- Value Added Tax Act s.18
- Value Added Tax Act s.11
- Value Added Tax Act s.13
- Insurance Act 2017 s.2
- Income Tax Act s.61
- Constitution of the Republic of Uganda 1995 Article 152(3)
- Tax Appeals Tribunal Act s.22
- Civil Procedure Rules Order 6 Rule 1
- Civil Procedure Rules Order 6 Rule 2
- Tax Appeals Tribunal Procedure Rules Rule 22
Cases cited (16)
- British Dominions General Insurance Co Ltd v Duder [1915] 2 KB 400
- AON Uganda Limited v Uganda Revenue Authority (Originating Summons No. 4 of 2008)
- Card Protection Plan Ltd v Commissioners of Customs and Excise [2001] UKHL 4
- William Diamonds Shipping Company v Commissioner General (TAT No. 28 of 2008)
- Uganda Revenue Authority v Total Uganda Limited (Civil Appeal No. 11 of 2012)
- Uganda Revenue Authority v Uganda Taxi Operators & Drivers Association (Civil Appeal No. 13 of 2015)
- William Diamonds Shipping Company v Commissioner General [2008] 4 TLR 167
- Cable Corporation (U) Limited v Uganda Revenue Authority (TAT No. 6 of 2010)
- Commissioner of Customs and Excise v Madgett and Baldwin [1998] STC 1189
- UTODA Entebbe Branch Limited v Uganda Revenue Authority (TAT No. 8 of 2009)
- Suprasesh General Insurance Services & Brokers Pvt. Ltd v The Commissioner of Service Tax (C.M.A. Nos. 1058 and 1459 of 2009)
- Lexington Insurance Company v AGF Insurance Limited [2009] UKHL 40
- Interfreight Forwarders (U) Limited v East African Development Bank (Civil Appeal No. 33 of 1992)
- Attorney General v Paul K. Ssemogerere and Others (Constitutional Application No. 2 of 2004)
- Fang Min v Belex Tours & Travel Limited (Civil Appeal No. 06 of 2013 & Civil Appeal No. 01 of 2014)
- Tororo Cement Co. Ltd v Frokina International Ltd (Civil Appeal No. 2 of 2001)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.