Office of Public Sector Information
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Statutory Instruments
Corporation Tax
Made
7th October 2008
Laid before the House of Commons
7th October 2008
Coming into force
28th October 2008
The Treasury exercising the powers conferred by section 755C of the Income and Corporation Taxes Act 1988(1), makes the following Regulations:
1. These Regulations may be cited as the Non-resident Companies (General Insurance Business) (Amendment) Regulations 2008 and shall come into force on 28th October 2008.
2. Regulation 6 of the Non-resident Companies (General Insurance Business) Regulations 1999(2) is revoked in relation to accounting periods of relevant companies ending on or after the coming into force date.
Steve McCabe
Dave Watts
Two of the Lords Commissioners of Her Majesty’s Treasury
7th October 2008
(This note is not part of the Order)
These Regulations amend the Non-resident Companies (General Insurance Business) Regulations 1999 (S.I. 1999/1408) by revoking regulation 6 of those Regulations, in relation to periods of account ending on or after the date on which the Regulations come into force.
A full impact assessment has not been produced as no impact on the private or voluntary sectors is foreseen.
1988, c. 1. Section 755C was inserted by section 113 of, and paragraph 15 of Schedule 17 to, the Finance Act 1998 (c. 36), with effect in relation to accounting periods of companies resident in the United Kingdom ending after 30 June 1999. Back [1]
S.I. 1999/1408. Regulation 6 modified paragraph 2 of Schedule 25 to ICTA in cases where a non-resident company carried on general insurance business and drew up accounts relating to that business using a method falling within section 755B(2) of ICTA. Back [2]
The Non-resident Companies (General Insurance Business) (Amendment) Regulations 2008