{
  "url": "https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-amendment-regulations-2001/note",
  "json_url": "https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-amendment-regulations-2001/note.json",
  "legislation": "uksi/2001/3973",
  "legislation_title": "The Friendly Societies (Provisional Repayments for Exempt Business) (Amendment) Regulations 2001",
  "legislation_url": "https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-amendment-regulations-2001",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations, which come into force on 1st January 2002, make provision in relation to the tax exempt life or endowment business of friendly societies whose profits are not wholly exempt from tax.\nThey amend the text of Schedule 19AB to the Income and Corporation Taxes Act 1988, so as to refer to tax credits only (not deduction of income tax at source). Note that the amendments to Schedule 19AB made by paragraphs 10 and 11 of Schedule 3 to the Finance (No. 2) Act 1997 do not have effect, by virtue of paragraph 12(1) of the latter Schedule.\nThese Regulations also introduce a simplified method of estimating the provisional repayments of tax credits which are referable to tax exempt life or endowment business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3973/note",
    "retrieved_at": "2026-10-29T07:18:56.614647+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."
}