Regulation 2 Interpretation

In these Regulations—

• “the 1956 Regulations” means the Income Tax (Purchased Life Annuities) Regulations 1956 M1;

• “the 2005 Act” means the Income Tax (Trading and Other Income) Act 2005;

• “annuitant” means the person beneficially entitled for the time being to the payments on account of an annuity;

• “annuity” means a purchased life annuity within the meaning of section 423 of the 2005 Act;

• “the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs;

• “insurer” means a United Kingdom insurer or a non-United Kingdom insurer, as the case may be;

• “non-United Kingdom insurer” means any person carrying on life annuity business and who—

  1. (a)

     is resident outside the United Kingdom; and

  2. (b)

     does not carry on such business through a permanent establishment in the United Kingdom;

• “relevant EEA State” means an EEA StateF1...;

• “relevant person” means—

  1. (a)

     a United Kingdom insurer; or

  2. (b)

     a tax representative appointed in accordance with Part 3; or

  3. (c)

     a person appointed in accordance with arrangements made under regulation 18;

• “relevant records” means the records referred to in regulation 21(1);

• “tax representative” means the person appointed in accordance with Part 3 to act as such for a non-United Kingdom insurer;

• “the partial tax exemption” means the exemption provided by Chapter 7 of Part 6 of the 2005 Act; and

• “United Kingdom insurer” means—

  1. (a)

     any person resident in the United Kingdom carrying on life annuity business; or

  2. (b)

     any person not so resident who carries on life annuity business through a permanent establishment in the United Kingdom.