Paragraph 23

(1)

Paragraph 3 of Schedule 11 to FA 2007 (technical provision made by insurers) is amended as follows.

(2)

In sub-paragraph (1) for paragraph (b) and the “or” after it substitute—

“(b)
a CFC (within the meaning of Part 9A of the Taxation (International and Other Provisions) Act 2010) which carries on general business, or”.

(3)

In sub-paragraph (2) for paragraph (b) substitute—

“(b)
a company which for the purposes of Part 9A of the Taxation (International and Other Provisions) Act 2010 has an interest in a CFC (within the meaning of that Part) which carries on general business.”