{
  "url": "https://openlegislation.uk/general-insurance-reserves-tax-regulations-2001",
  "json_url": "https://openlegislation.uk/general-insurance-reserves-tax-regulations-2001.json",
  "id": "uksi/2001/1757",
  "title": "The General Insurance Reserves (Tax) Regulations 2001",
  "short_title": "General Insurance Reserves (Tax) 2001",
  "long_title": "These Regulations supplement section 107 of the Finance Act 2000 (c. 17), which provides that where it becomes apparent in a period of account that technical provisions made by a general insurer for an earlier period were excessive, or insufficient, an amount is to be treated as added (as an “end of period adjustment”) as a receipt or expense, respectively, of the general insurer’s trade in the later period, for tax purposes. The principal effects of these Regulations are (1) to provide the method of calculating whether the technical provisions were excessive or insufficient (2) to provide for the currencies in which the calculations, including the discount rate, are to be carried out, and (3) to provide for modifications of those rules where they apply to underwriting members.",
  "citation": "S.I. 2001/1757",
  "type": "uksi",
  "year": "2001",
  "number": "1757",
  "version": "current",
  "date": "2001-05-08",
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  "unapplied_effects": 23,
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