# Finance Act 1997, Section 28: Amounts charged by other intermediaries.


(1) In section 72 of the Finance Act 1994 (interpretation: premium) after subsection (1) there shall be inserted—
“(1A) Where an amount is charged to the insured by any person in connection with a taxable insurance contract, any payment in respect of that amount is to be regarded as a payment received under that contract by the insurer unless—
(a) the payment is chargeable to tax at the higher rate by virtue of section 52A above; or
(b) the amount is charged under a separate contract and is identified in writing to the insured as a separate amount so charged.”
(2) The amendment made by subsection (1) above has effect in relation to payments received in respect of amounts charged on or after 1st April 1997.

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Source: https://www.legislation.gov.uk/ukpga/1997/16/section/28 (the official version)
Page: https://openlegislation.uk/finance-act-1997/section-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.