Citation, commencement and effect
1.—(1) These Regulations may be cited as the Lloyd’s Underwriters (Tax) (1987—88) Regulations 1990 and shall come into force on 6th April 1990 but shall have effect for the year of assessment 1987—88 only.
(2) Except for regulations 2, 3, 7 and 21(1) to (3), the Lloyd’s Underwriters (Tax) Regulations 1974(1) shall not have effect for the year of assessment 1987—88.