# Finance Act 1994, 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.

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Source: https://www.legislation.gov.uk/ukpga/1994/9/section/49 (the official version)
Page: https://openlegislation.uk/finance-act-1994/section-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.