# The Friendly Societies (Provisional Repayments for Exempt Business) Regulations 1993, Regulation 2: Interpretation


In these Regulations unless the context otherwise requires—
“directive society” and “non-directive society” have the same meanings as in the Friendly Societies (Modifications of the Corporation Tax Acts) Regulations 1992;
“exempt business” means any business of a friendly society the profits arising from which are exempt from income tax and corporation tax under section 460(1), 461(1) or 461B(1) of the Taxes Act, not being a business carried on by a friendly society all of whose profits are so exempt;
“Schedule 19AB” means Schedule 19AB to the Taxes Act;
“the Taxes Act” means the Income and Corporation Taxes Act 1988.

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Source: https://www.legislation.gov.uk/uksi/1993/3112/regulation/2 (the official version)
Page: https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-regulations-1993/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.