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This Statutory Instrument has been made in consequence of a defect in S.I. 2003/2573 and is being issued free of charge to all known recipients of that Statutory Instrument.

Statutory Instruments

2003 No. 2642

INCOME TAX

The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 3) Regulations 2003

Made

13th October 2003

Laid before the House of Commons

13th October 2003

Coming into force in accordance with regulation 1

The Commissioners of Inland Revenue, in exercise of the powers conferred upon them by section 442A(2) to (6) of the Income and Corporation Taxes Act 1988( 1 ) and paragraph 58 of Schedule 8 to the Finance Act 1995( 2 ), make the following Regulations:

Citation, commencement and effect

1. —(1) These Regulations may be cited as the Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 3) Regulations 2003 and shall come into force on 28th October 2003 immediately after the Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 2) Regulations 2003( 3 ).

(2) These Regulations have effect in relation to periods of account beginning on or after 1st January 2001.

Amendment to regulation 7 of the Insurance Companies (Taxation of Reinsurance Business) Regulations 1995

2. —(1)Regulation 7 of the Insurance Companies (Taxation of Reinsurance Business) Regulations 1995( 4 ) is amended as follows.

(2) In paragraph (7A) for the formula in sub-paragraph (c) substitute—

“ ”.

Ann ChantHelen Ghosh

Two of the Commissioners of Inland Revenue

13th October 2003

( 1 )

1988 c. 1 . Section 442A was amended by paragraph 23 of Schedule 33, and Part 3(12) of Schedule 43, to the Finance Act 2003 (c. 14) .

( 2 )

1995 c. 4 .

( 4 )

S.I. 1995/1730 . Regulation 7 was relevantly amended by regulation 7 of S.I. 2003/2573 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Insurance Companies (Taxation of Reinsurance Business) (Amendment No. 3) Regulations 2003 (2003/2642)

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