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(1)This section applies if an insurance company—
(a)carries on life assurance business in an accounting period, and
(b)is a small or medium-sized enterprise in the period.
(2)For the purposes of [F1Chapter 2] the company is to be treated as if it were not such an enterprise in the period.
F2(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in s. 1081(2) substituted (with effect in accordance with Sch. 15 paras. 28, 29 of the amending Act) by Finance Act 2013 (c. 29), Sch. 15 para. 17(2)
F2S. 1081(3) omitted (with effect in accordance with Sch. 15 paras. 28, 29 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 15 para. 17(3)