http://www.legislation.gov.uk/uksi/1996/2991/part/II/crossheading/overall-scope/made
The Insurance Companies (Reserves) (Tax) Regulations 1996
Business practice and regulation
Income
Legislation
King's Printer of Acts of Parliament
2015-03-16
INCOME TAX
These Regulations are made under provisions contained in sections 444BA to 444BD of the Income and Corporation Taxes Act 1988 (“the Taxes Act”). (Sections 444BA to 444BD were inserted by paragraph 1 of Schedule 32 to the Finance Act 1996.) After dealing, in Part I, with certain general matters, the Regulations make provision, in Parts II and III, for the taxation of two different types of equalisation reserve which are required to be maintained by insurance companies.
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8(6)
The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001
art. 150(3)
art. 1(2)(b)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A(3)
The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001
art. 151(1)(g)
art. 1(2)(b)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A(6)
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013
Sch. 2
para. 17(b)(i)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A(7)
The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013
Sch. 2
para. 17(b)(ii)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg 8A
The Insurance Companies (Reserves) (Tax) (Amendment) Regulations 2008
regs 2
6
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A(1)(a)
Finance Act 2012
Sch. 20
para. 47(2)(a)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A(1)(b)
Finance Act 2012
Sch. 20
para. 47(2)(b)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A(4)
Finance Act 2012
Sch. 20
para. 47(3)(a)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A(4)
Finance Act 2012
Sch. 20
para. 47(3)(b)
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8B
Finance Act 2012
Sch. 20
para. 48
The Insurance Companies (Reserves) (Tax) Regulations 1996
reg. 8A
8B
The Non-resident Companies (General Insurance Business) Regulations 1999
reg. 7(3)
reg. 1(1)
The Insurance Companies (Reserves) (Tax) Regulations 1996
Regulations
The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006
reg. 2(b)
12
reg. 1(1)
The Insurance Companies (Reserves) (Tax) Regulations 1996
Regulations
The Lloyd’s Underwriters (Transitional Equalisation Reserves) (Tax) Regulations 2015
reg. 5(a)
reg. 1
PART IIEQUALISATION RESERVES, ETC.
Overall Scope
Scope of this Part4
1
Subject to paragraph (2), this Part of these Regulations applies to—
a
any equalisation reserve which an insurance company is required to maintain by virtue of section 34A regulations, and
b
any reserve which is an equivalent reserve by virtue of subsection (2) of section 444BD.
2
This part of these Regulations does not apply to any credit insurance equalisation reserve.