- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
4. (1) Regulation 6 (modifications of section 431(2) of the Income and Corporation Taxes Act 1988)(1) is amended as follows.
(2) In paragraph (2)(b), for paragraph (i) substitute—
“(i)for “paragraph 5(d) of Schedule 3 to that Act” substitute “sub-paragraph (d) or (da) of paragraph 5 of Schedule 3 to that Act(2) (an “EEA firm”);”.
(3) In paragraph (5), in the inserted definition of “long-term insurance fund”—
(a)in paragraph (a), for “life assurance” substitute “life-assurance”,
(b)after paragraph (a) insert—
“(aa)where the technical account included in the IAD accounts for non-life-insurance business of the company is used for all business, such part of that account as relates to the long-term business of the company; or”,
(c)in paragraph (b), omit “as relates to” (in the first place), and
(d)for “that technical account or income statement”, substitute “either that technical account or that part of the technical account or that part of the income statement”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: