# The Insurance Companies (Reserves) (Tax) (Amendment) Regulations 2004

S.I. 2004/3260 · made 9 December 2004

These Regulations amend the definition of “equalisation reserve rules” in the Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991: “the 1996 Regulations”) as a consequence of the introduction by the Financial Services Authority of the Integrated Prudential Sourcebook.

Made under: Income and Corporation Taxes Act 1988 (Section 444BA, Section 444BB, Section 444BC, Section 444BD)

PDFs: Printed copy https://openlegislation.uk/insurance-companies-reserves-tax-amendment-regulations-2004/pdf/uksi_20043260_en.pdf; Explanatory Memorandum https://openlegislation.uk/insurance-companies-reserves-tax-amendment-regulations-2004/pdf/uksiem_20043260_en.pdf

## Introductory text

INCOME TAX
Made 9th December 2004
Laid before the House of Commons 10th December 2004
Coming into force 31st December 2004
The Treasury, in exercise of the powers conferred upon them by sections 444BA(10), 444BB(1), (3), (4) and (5), 444BC and 444BD(1), (4) and (5) of the Income and Corporation Taxes Act 1988, make the following Regulations:

## 1 Citation, commencement and effect

These Regulations may be cited as the Insurance Companies (Reserves) (Tax) (Amendment) Regulations 2004 and shall come into force on 31st December 2004 and shall have effect in respect of accounting periods of insurance companies ending on or after that day.

## 2 Amendment of the Insurance Companies (Reserves)(Tax) Regulations 1996

(1) The Insurance Companies (Reserves) (Tax) Regulations 1996 shall be amended as follows.
(2) In regulation 2(1) for the definition of “equalisation reserve rules” substitute—
““equalisation reserve rules” means the rules in Chapter 7.5 of the Integrated Prudential Sourcebook made by the Financial Services Authority under the Financial Services and Markets Act 2000;”.

## Signature

Derek Twigg
Nick Ainger
Two of the Lords Commissioners of Her Majesty’s Treasury
9th December 2004

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the definition of “equalisation reserve rules” in the Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991: “the 1996 Regulations”) as a consequence of the introduction by the Financial Services Authority of the Integrated Prudential Sourcebook.
Regulation 1 provides for the citation, commencement and interpretation of the Regulations.
Regulation2(1) introduces, and regulation 2(2) makes, the amendment to the 1996 Regulations.
These Regulations do not impose new costs on business.

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Source: https://www.legislation.gov.uk/uksi/2004/3260 (the official version)
Page: https://openlegislation.uk/insurance-companies-reserves-tax-amendment-regulations-2004
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.