Statutory Instruments
2015 No. 544
Income Tax
The Life Insurance Qualifying Policies (Statement and Reporting Requirements) (Amendment) Regulations 2015
Made
4th March 2015
Laid before the House of Commons
6th March 2015
Coming into force
26th March 2015
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by paragraph B3(7) of Schedule 15 to the Income and Corporation Taxes Act 1988( 1 ).
Citation and commencement
1. These Regulations may be cited as the Life Insurance Qualifying Policies (Statement and Reporting Requirements) (Amendment) Regulations 2015 and come into force on 26th March 2015.
Amendment of the Life Insurance Qualifying Policies (Statement and Reporting Requirements) Regulations 2013
2. —(1) The Life Insurance Qualifying Policies (Statement and Reporting Requirements) Regulations 2013( 2 ) are amended as follows.
(2) In regulation 3 (exceptions to the requirement to make a statement), in sub-paragraph (c) for “occurs.” substitute—
“ occurs;
on the occurrence of an event within paragraph B3(1)(e) or (f) of Schedule 15 in respect of a policy, if—
the policy is a protected policy within paragraph A4 of Schedule 15, and
the policy is a paid-up policy. ”
Edward Troup
Nick Lodge
Two of the Commissioners for Her Majesty’s Revenue and Customs
4th March 2015
1988 c.1 ; paragraph B3 of Schedule 15 to the Income and Corporation Taxes Act was inserted by paragraph 3 of Schedule 9 to the Finance Act 2013 (c. 29) .