Michael is a Chartered Tax Adviser with 16 years of experience specialising in the intersection of insurance and corporate taxation. He advises businesses on IPT liabilities, P11D implications of group health schemes, and the correct accounting treatment of claims proceeds. His current role involves consulting for mid-market companies and their brokers on tax-efficient insurance structures.
Michael Brennan holds a degree in Accounting and Finance from the London School of Economics and qualified as a Chartered Tax Adviser (CTA) with the Chartered Institute of Taxation. He spent the early part of his career at a Big Four accounting firm, advising clients on indirect taxes including Insurance Premium Tax (IPT) across various classes of business. Michael developed a niche expertise in how insurance transactions interact with corporation tax, VAT, and capital allowances. He has advised manufacturers on capital gains deferral following large insurance settlements and helped professional services firms navigate the P11D reporting requirements for private medical insurance benefits. Michael writes to clarify the often-overlooked tax consequences of insurance decisions, from premium prepayment strategies to the classification of claim income. His guidance helps finance directors and business owners avoid unexpected HMRC scrutiny while optimising their after-tax position. He stays current with HMRC guidance, IPT rate changes, and relevant case law affecting insurance accounting.