{
  "url": "https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-regulations-1999/regulation-8",
  "json_url": "https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-regulations-1999/regulation-8.json",
  "legislation": "uksi/1999/622",
  "legislation_title": "The Friendly Societies (Provisional Repayments for Exempt Business) Regulations 1999",
  "legislation_url": "https://openlegislation.uk/friendly-societies-provisional-repayments-for-exempt-business-regulations-1999",
  "path": "regulation/8",
  "kind": "regulation",
  "number": "8",
  "heading": "Modifications of paragraph 1(2) to (4), (7), (10) and (11) of Schedule 19AB",
  "text": "(1) Paragraphs (2) to (7) specify modifications of sub-paragraphs (2) to (4), (7), (10) and (11) of paragraph 1 of Schedule 19AB in relation to exempt business of a friendly society.\n(2) In sub-paragraph (2)–\n(a) for the words “a company” there shall be substituted the words “a society”;\n(b) for paragraph (a) there shall be substituted–\n“(a) shall begin whenever–\n(i) the society begins, at a time when it is carrying on only tax exempt business, to carry on business other than tax exempt business;\n(ii) the society begins, at a time when it is carrying on only business other than tax exempt business, to carry on tax exempt business;\n(iii) an accounting period of the society begins at a time when the society is carrying on both tax exempt business and business other than tax exempt business; or\n(iv) a provisional repayment period of the society ends, at a time when the society is carrying on both tax exempt business and business other than tax exempt business; and”;\n(c) in paragraph (b)(ii) for the word “company” there shall be substituted the word “society”.\n(3) In sub-paragraph (3) for the word “company” (wherever occurring) there shall be substituted the word “society”.\n(4) In sub-paragraph (4)(a)–\n(a) for the word “company” there shall be substituted the word “society”;\n(b) for the word “company's” there shall be substituted the word “society's”.\n(5) In sub-paragraph (7)–\n(a) for the words “pension business” (wherever occurring) there shall be substituted the words “tax exempt business”;\n(b) for the word “company” (wherever occurring) there shall be substituted the word “society”.\n(6) In sub-paragraph (10) for the word “company” (wherever occurring) there shall be substituted the word “society”.\n(7) In sub-paragraph (11)(a) for the word “company” there shall be substituted the word “society”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "am (1.1.2002)",
      "affecting": "uksi/2001/3973",
      "affecting_title": "The Friendly Societies (Provisional Repayments for Exempt Business) (Amendment) Regulations 2001"
    },
    {
      "type": "modified",
      "affecting": "uksi/1999/624",
      "affecting_title": "The Friendly Societies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1999"
    },
    {
      "type": "amended",
      "affecting": "uksi/1999/624",
      "affecting_title": "The Friendly Societies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1999"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1999/622/regulation/8",
    "retrieved_at": "2026-10-29T10:58:10.268030+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."
}