18[F1(1)] In the application of this Schedule in relation to companies carrying on insurance business, βaccounting purposesβ does not include the purposes of accounts which [F2the rules contained in Chapter 9 of the Prudential Sourcebook (Insurers)] requires to be prepared.U.K.
F3[(2)In sub-paragraph (1) above βthe Prudential Sourcebook (Insurers)β means the Interim Prudential Sourcebook for Insurers made by the Financial Services Authority under the Financial Services and Markets Act 2000.]
Textual Amendments
F1Sch. 12 para. 18 re-numbered as para. 18(1) (1.12.2001 with effect as mentioned in art. 102(4) of the amending S.I.) by S.I. 2001/3629, art. 102(2)(b)
F2Words in Sch. 12 para. 18 substituted (1.12.2001 with effect as mentioned in art. 102(4) of the amending S.I.) by S.I. 2001/3629, art. 102(2)(a)
F3Sch. 12 para. 18(2) inserted (1.12.2001 with effect as mentioned in art. 102(4) of the amending S.I.) by S.I. 2001/3629, art. 102(2)(b)
Modifications etc. (not altering text)
C1Sch. 12 para. 18 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014), regs. 1(1), 42