C1Part 3Trading income
Chapter 9Trade profits: other specific trades
F2Banking companies
Ss. 133A-133N and cross-heading inserted (with effect in accordance with s. 18(2) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 18(1)
133IMeaning of “insurance company”
1
For the purposes of section 133F a person who carries on the activity of effecting or carrying out contracts of insurance is an “insurance company” if—
a
the person has permission under Part 4A of FISMA 2000 to carry on that activity,
F1b
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F3c
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2
In relation to times in the period beginning with 1 December 2001 and ending with 31 March 2013, the reference in subsection (1)(a) to Part 4A of FISMA 2000 is to be read as a reference to Part 4 of that Act
3
In relation to times before 1 December 2001, this section has effect as if the following were substituted for subsection (1)—
1
For the purposes of section 133F a person who carries on the activity of effecting or carrying out contracts of insurance is an “insurance company” if the person is—
a
authorised under section 3 or 4 of the Insurance Companies Act 1982, or
b
an EC company within the meaning of the Insurance Companies Act 1982 which, by virtue of paragraph 1 or 8 of Schedule 2F to that Act, was able to carry on direct insurance business through a branch in the United Kingdom or provide insurance in the United Kingdom.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)