We are the voice of insurance and long-term savings | Contact us

David Fownes, Director, Indirect Tax, Deloitte

David Fownes1500.jpgDavid is a Director in Deloitte's Financial Services VAT group who advises the insurance industry on indirect tax issues.  He has over 22 years of experience, specialising in indirect tax insurance advisory (all within the Big 4) and his clients include leading insurers, reinsurers, brokers and intermediaries in both the life and non-life sector. 

David started his VAT career at the then HM Customs & Excise at Wembley VAT office as a VAT Assurance Officer in 1996.  He joined KPMG in 1997 and was immediately thrown in to the world of insurance and has stayed there ever since.  He joined Deloitte in 2007.    

David advises insurance clients on all aspects of indirect tax.  These include advising clients on the VAT considerations of global and EU corporate restructuring projects and on the domestic front he is very active in the life assurance industry helping clients navigate complex VAT exemptions.  In 2020, David has been the Big 4 representative assisting the ABI and its members on responses to HMRC’s ‘new’ approach to insurance premium tax in the oil and gas sector.