Article 5 Amendments of enactments for references about accounts, reports, returns, etc

(1)

In ICTA, section 444BC(1)^f1 (insurance companies: modification of rules about equalisation reserves for general business, etc): substitute as follows for everything from “paragraph 52” to “1985”—

“paragraphs 57 to 59 in Section E of Part 2 of Schedule 3 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008^f2”.

(2)

In—

(a)

ICTA, section 755B(2)(a)^f3 (amendment of return where general insurance business of foreign company accounted for on non-annual basis), and

(b)

FA 1998, Schedule 18, Part 10, paragraph 85(1), first indent^f4 (company tax returns: non-annual accounting of general insurance business):

substitute as follows for everything from “paragraph 52” to “1985”—

“paragraph 58 in Section E of Part 2 of Schedule 3 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008”.

(3)

In ICTA, section 755B(2)(b): substitute “58” for “52”.

(4)

In ICTA, section 755B(4): substitute “58 of Schedule 3 to those Regulations” for everything from “52” to “1985”.

Annotations

Footnotes

f1: Section 444BC(1) was inserted by the Finance Act 1996 (c. 8), Schedule 32, paragraph 1 and amended by S.I. 2001/3629.
f2: S.I. 2008/410, to which there are amendments not relevant to this Order.
f3: Sections 755B(2) and 755B(4) were inserted by the Finance Act 1998 (c. 36), Schedule 17, paragraph 14.
f4: 1998 c. 36.