Prospective
30(1)In Schedule 20 to the M1Finance Act 1993 (Lloyd’s underwriters: special reserve funds) the following provisions shall cease to have effect—U.K.
(a)paragraph 9(3) (claims for payment of tax credits); and
(b)in paragraph 11(3)(c) (value of fund as increased by tax repayment or tax credit received under paragraph 9(2) or (3)) the words “or tax credit received” and “or (3)”.
(2)Sub-paragraph (1) above has effect in relation to distributions made on or after 6th April 1999.
Marginal Citations