SCHEDULES

C1SCHEDULE 3 Additional Provisions with Respect to Levies on Authorised Insurance Companies

Annotations:
Modifications etc. (not altering text)
C1

Power to amend Sch. 3 conferred by Insurance Companies Act 1982 (c. 50, SIF 67), s. 67(4)

Sch. 3: functions made exercisable by, or by employees of, such person as may be authorised in that behalf by the Treasury (18.11.1998) by S.I. 1998/2842, art. 2, Sch. Pt. II para. 63(e)

Statements of premium income

F24

1

The F3Treasury may by notice in writing require an authorised insurance company to send F4them a statement of—

a

any income of the company for the year preceding that in which the notice is received by the company which is income liable to the general business levy, and

b

any income of the company for that year which is income liable to the long term business levy.

2

An authorised insurance company which receives a notice under this paragraph shall send the statement required by the notice to the F3Treasury within three months of receiving the notice.

3

Where an authorised insurance company is required under this paragraph to send a statement to the F3Treasury in respect of income of both descriptions mentioned in sub-paragraph (1)(a) and (b) above it shall send a separate statement in respect of income of each description.