# The Friendly Societies (Insurance Business) Regulations 1994, Paragraph 3


From the aggregate arrived at under paragraph 2 above there shall be deducted—
(a) any taxes included in the premiums mentioned in paragraph 2 above; and
(b) any levies that are related to premiums and are recorded in the society’s books as payable in the last preceding financial year in respect of general business.

---
Source: https://www.legislation.gov.uk/uksi/1994/1981/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.