{
  "url": "https://openlegislation.uk/finance-act-1996/schedule-34/paragraph-4",
  "json_url": "https://openlegislation.uk/finance-act-1996/schedule-34/paragraph-4.json",
  "legislation": "ukpga/1996/8",
  "legislation_title": "Finance Act 1996",
  "legislation_url": "https://openlegislation.uk/finance-act-1996",
  "path": "schedule/34/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": null,
  "text": "(1) Paragraph 6 (interpretation) shall be amended in accordance with the following provisions of this paragraph.\n(2) In sub-paragraph (1), for the definition of “provisional fraction” there shall be substituted—\n““provisional fraction” shall be construed in accordance with paragraphs 1(4) and 2 above;”.\n(3) Sub-paragraph (3) (which makes transitional provision for cases where an insurance company has not made a return under section 11 of the Taxes Management Act 1970 as amended by section 82 of the Finance (No.2) Act 1987) shall cease to have effect.\n(4) After that sub-paragraph there shall be added—\n“(4) Sub-paragraph (5) below applies in any case where an insurance company—\n(a) which has delivered a return under section 11 of the Management Act for an accounting period ending before the self-assessment appointed day, but\n(b) which has not delivered its first return under that section for an accounting period ending on or after that day,\nmakes the first claim for a provisional repayment for a particular accounting period ending on or after that day.\n(5) Where this sub-paragraph applies—\n(a) the provisional fraction for the accounting period to which the claim mentioned in sub-paragraph (4) above relates shall be determined in accordance with paragraph 1(3), (4), and (6) and sub-paragraph (3) above, as they have effect in relation to accounting periods ending before that day; and\n(b) paragraph 2 above, as originally enacted, shall have effect in relation to that accounting period as it has effect in relation to accounting periods ending before that day.\n(6) In this paragraph “the self-assessment appointed day” means the day appointed under section 199 of the Finance Act 1994 for the purposes of Chapter III of Part IV of that Act (self-assessment management provisions).”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "1970 c. 9."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "1987 c. 51."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "1994 c. 9."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1996/8/schedule/34/paragraph/4",
    "retrieved_at": "2026-10-29T09:32:25.231034+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}