Statutory Instruments
2008 No. 1945
Insurance Premium Tax
The Insurance Premium Tax (Amendment) Regulations 2008
Made
22nd July 2008
Laid before the House of Commons
22nd July 2008
Coming into force
1st September 2008
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 53(6), 65(1) and 74(8) of the Finance Act 1994( 1 ):
Citation and commencement
Amendment of the Insurance Premium Tax Regulations 1994
Omission of regulations 29, 30 and 31
3. Omit—
(a) regulation 29 (tax representatives: notification in certain cases),
(b) regulation 30 (tax representatives: registration), and
(c) regulation 31 (tax representatives: liability to notify).
Amendment of regulation 33
4. For regulation 33 (liability of insured persons: scope) substitute—
“ 33. This Part applies where an insurer who is a registrable person—
(a) does not have any business establishment or other fixed establishment in the United Kingdom, and
(b) is established in a country or territory in respect of which it appears to the Commissioners that the condition in section 65(1A) of the Act is met. ” .
Amendment to Schedule
Dave Hartnett
Steve Lamey
Two of the Commissioners for Her Majesty’s Revenue and Customs
22nd July 2008
SCHEDULE
REGULATION 5
FORM 1
1994 c.9 ; section 73(1) defines “the Commissioners” as meaning the Commissioners of Customs and Excise. The functions of the Commissioners of Customs and Excise 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(1) of that Act provides that a reference to the Commissioners of Customs and Excise shall be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs. Section 65(1) was amended by section 143 of the Finance Act 2008 (c.9) which also inserted subsections (1A) and (1B).
S.I. 1994/1774 ; relevant amending instrument is S.I. 1997/1157 .