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Statutory Instruments

2002 No. 444

TAXES

The Life Assurance and Other Policies (Keeping of Information and Duties of Insurers) (Amendment) Regulations 2002

Made

28th February 2002

Laid before the House of Commons

1st March 2002

Coming into force

6th April 2002

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 1988( 1 ), hereby makes the following Regulations:

Citation and commencement

1. 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.

Interpretation

2. In these Regulations “the principal Regulations” means the Life Assurance and Other Policies (Keeping of Information and Duties of Insurers) Regulations 1997( 2 ).

Amendment of the principal Regulations

3. —(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 Act( 3 );”.

(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”.

Nick Montagu

Dave Hartnett

Two of the Commissioners of Inland Revenue

28th February 2002

( 1 )

1988 c. 1 . Section 552ZA was inserted by paragraph 18 in Part 2 of Schedule 28 to the Finance Act 2001 (c. 9) .

( 2 )

S.I. 1997/265 .

( 3 )

Section 552ZA supplements section 552 and is directed to be construed as one with it by section 552ZA(1).

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Life Assurance and Other Policies (Keeping of Information and Duties of Insurers) (Amendment) Regulations 2002 (2002/444)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application
section 552reg. 3.section_55_rtsg3qg
the principal Regulationsreg. 2.the_princi_rtfAlrt
This instrument is derived from the version at www.legislation.gov.uk. To see a list of all amendments (including any to be made) check the resources page for this instrument on their website. Note, the status of this instrument is given above.
This instrument is derived from the version at www.legislation.gov.uk. To see original commencement information, check the resources page associated with this instrument. n.b. commencement information for marked amendments is embedded in the relevant footnote.

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