Section 49 Charge to tax.
Tax shall be charged on the receipt of a premium by an insurer if the premium is received—
(a)
under a taxable insurance contract, and
(b)
on or after 1st October 1994.
Tax shall be charged on the receipt of a premium by an insurer if the premium is received—
under a taxable insurance contract, and
on or after 1st October 1994.