2002 No. 444
The Life Assurance and Other Policies (Keeping of Information and Duties of Insurers) (Amendment) Regulations 2002
Made
Laid before the House of Commons
Coming into force
The Commissioners of Inland Revenue, in exercise of the powers conferred upon them by section 552ZA(6) to (8) of the Income and Corporation Taxes Act 19881, hereby makes the following Regulations:
Citation and commencement1
These Regulations may be cited as the Life Assurance and Other Policies (Keeping of Information and Duties of Insurers) (Amendment) Regulations 2002 and shall come into force on 6th April 2002.
Interpretation2
In these Regulations “the principal Regulations” means the Life Assurance and Other Policies (Keeping of Information and Duties of Insurers) Regulations 19972.
Amendment of the principal Regulations3
1
Amend regulation 2 of the principal Regulations as follows.
2
In paragraph (1) at the end of the definition of “section 552” add “and a reference to that section without more includes, where necessary, a reference to section 552ZA of the Taxes Act3;”.
3
In paragraph (3) for “subsection (2) of section 552 shall be disregarded” substitute “the words “unless satisfied that no gain is to be treated as arising by reason of the event” in subsection (1)(a) shall be disregarded”.
(This note is not part of the Regulations)