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This Statutory Instrument has been printed in consequence of a defect in SI 2008/562 and is being issued free of charge to all known recipients of that Statutory Instrument.

Statutory Instruments

2008 No. 1481

Income Tax

The Income Tax (Purchased Life Annuities) (Amendment) Regulations 2008

Made

9th June 2008

Laid before the House of Commons

10th June 2008

Coming into force

1st July 2008

The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 658(3) of the Income and Corporation Taxes Act 1988( 1 ) and section 724 of the Income Tax (Trading and Other Income) Act 2005( 2 ):

Citation and commencement

1. These Regulations may be cited as The Income Tax (Purchased Life Annuities) (Amendment) Regulations 2008 and come into force on 1st July 2008.

Amendment to Principal Regulations

2. —(1)The Income Tax (Purchased Life Annuities) Regulations 2008( 3 ) (“the Principal Regulations”) are amended in accordance with this regulation.

(2) For regulation 19(1)(d) of the Principal Regulations, substitute—

(d) following—

(i) the termination of the appointment of the insurer’s tax representative under regulation 14(4); or

(ii) the occurrence of one of the events described in regulation 15(1),

to nominate another person as a tax representative in accordance with either regulation 14(6) or 15(2), as the case may be; .

Mike Eland

Mike Hanson

Two of the Commissioners for Her Majesty’s Revenue and Customs

9th June 2008

( 1 )

1988, c. 1 . The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50 of that Act provides that insofar as it is appropriate in consequence of section 5, a reference in an enactment, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.

( 2 )

2005, c. 5 as amended by section 46 of the Finance Act 2007 (c. 11) , which came into force on 6th April 2008 ( S.I. 2008/561 (C.19) )

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Income Tax (Purchased Life Annuities) (Amendment) Regulations 2008 (2008/1481)

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