Explanatory note

Section 108 of the Finance Act 2000 (c. 17) (“section 108”) amends section 431D of the Income and Corporation Taxes Act 1988 (c. 1) (the meaning of “overseas life assurance business”). Subsection (3) of section 108 provides that the amendments made by that section (and any regulations made under them) shall not have effect for determining whether life assurance business is overseas life assurance business where the policy or contract for that business was made before such day as the Treasury may by order appoint.

This Order appoints 22nd August 2000 as the day in question.