Ss. 552A, 552B inserted (31.7.1998) by Finance Act 1998 (c. 36), s. 87

S. 552B(2) substituted (with effect in accordance with s. 83(3) of the amending Act) by Finance Act 2001 (c. 9), Sch. 28 para. 19

Word in s. 552B(2) omitted (17.7.2013) by virtue of Finance Act 2013 (c. 29), Sch. 9 para. 11(a)

S. 552B(2)(d) and preceding word inserted (17.7.2013) by Finance Act 2013 (c. 29), Sch. 9 para. 11(b)

S. 552B(5A) inserted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 225 (with Sch. 2)

http://www.legislation.gov.uk/ukpga/1988/1/section/552BIncome and Corporation Taxes Act 1988An Act to consolidate certain of the enactments relating to income tax and corporation tax, including certain enactments relating also to capital gains tax; and to repeal as obsolete section 339(1) of the Income and Corporation Taxes Act 1970 and paragraphs 3 and 4 of Schedule 11 to the Finance Act 1980.1988-02-09texttext/xmlenStatute Law Database2025-05-28Expert Participation2025-03-20Income and Corporation Taxes Act 1988s. 109A(4B)Finance Act 2005Sch. 4 para. 6(3)Income and Corporation Taxes Act 1988ActHorserace Betting and Olympic Lottery Act 2004s. 18s. 40Income and Corporation Taxes Act 1988Sch. 19AB para. 5(5)(a)(b)The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001art. 52(2)(n)art. 1(2)(a)Income and Corporation Taxes Act 1988ActThe Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) Regulations 2010reg. 16Sch. 2reg. 1(2)PART XIII MISCELLANEOUS SPECIAL PROVISIONSCHAPTER II LIFE POLICIES, LIFE ANNUITIES AND CAPITAL REDEMPTION POLICIES
552B Duties of overseas insurers’ tax representatives.(1)

It shall be the duty of an overseas insurer’s tax representative to secure (where appropriate by acting on the overseas insurer’s behalf) that the relevant duties are discharged by or on behalf of the overseas insurer.

(2)

For the purposes of this section “the relevant duties” are—

(a)

the duties imposed by section 552,

(b)

the duties imposed by section 552ZA(2), (4) or (5), . . .

(c)

any duties imposed by regulations made under subsection (6) of section 552ZA by virtue of subsection (7) of that section, and

(d)

any duties imposed by regulations under section 552ZB,

so far as relating to relevant insurances under which the overseas insurer in question has any obligations.

(3)

An overseas insurer’s tax representative shall be personally liable—

(a)

in respect of any failure to secure the discharge of the relevant duties, and

(b)

in respect of anything done for purposes connected with acting on the overseas insurer’s behalf,

as if the relevant duties were imposed jointly and severally on the tax representative and the overseas insurer.

(4)

In the application of this section in relation to any particular tax representative, it is immaterial whether any particular relevant duty arose before or after his appointment.

(5)

This section has effect in relation to relevant duties relating to chargeable events happening on or after the day by which section 552A(6) requires the nomination of the overseas insurer’s first tax representative to be made.

(5A)

In subsection (5) “chargeable event” has the same meaning as in section 552 (see subsection (10) of that section).

(6)

Expressions used in this section and in section 552A have the same meaning in this section as they have in that section.