# The Insurance Companies Regulations 1994, Paragraph 3


From the aggregate arrived at under paragraph 2 above there shall be deducted—
(a) any taxes included in the premiums mentioned in paragraph 2 above, and
(b) any levies that are related to premiums and are recorded in the company’s books as payable in the last preceding financial year in respect of general business.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.