{
  "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012",
  "json_url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012.json",
  "id": "uksi/2012/3009",
  "title": "The Insurance Companies (Transitional Provisions) Regulations 2012",
  "short_title": "Insurance Companies (Transitional Provisions) 2012",
  "long_title": "Sections 55 to 149 of, and Schedules 17 to 19 to, the Finance Act 2012 (c. 14) (“FA 2012”) establish a new regime for the taxation of insurance companies. As from 1 January 2013 the starting point for the calculation of the trading profits of insurance companies will be the statutory accounts. Schedule 17 to FA 2012 contains provisions which govern the transition from the old basis of taxation (based on the regulatory returns made to the Financial Services Authority) to the new basis. The Schedule permits HM Treasury to make further provision for the transition by way of regulations. These Regulations contain further transitional provisions.",
  "citation": "S.I. 2012/3009",
  "type": "uksi",
  "year": "2012",
  "number": "3009",
  "version": "current",
  "date": "2012-12-03",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/introduction",
      "extent": null,
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      "parent": null
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      "path": "regulation/1",
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      "number": "1",
      "heading": "Citation, commencement and interpretation",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-1",
      "extent": null,
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      "heading": "Overview",
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      "extent": null,
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      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Comparison of items in the 2012 periodical return and the 2012 balance sheet",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-3",
      "extent": null,
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      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Comparison Table",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-4",
      "extent": null,
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      "parent": null
    },
    {
      "path": "regulation/5",
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      "number": "5",
      "heading": "Adjustments to Table amounts",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-5",
      "extent": null,
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      "path": "regulation/6",
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    },
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      "path": "regulation/7",
      "kind": "regulation",
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      "heading": "Excluded items",
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      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Apportionment in relation to a with-profit fund (1): category 13",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-8",
      "extent": null,
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    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Apportionment in relation to a with-profit fund (2): category 15",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-9",
      "extent": null,
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    },
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      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Apportionment in relation to a with-profit fund (3)",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-10",
      "extent": null,
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      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Apportionment in relation to a non-profit fund: categories 11, 12, 15 and 16",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-11",
      "extent": null,
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    },
    {
      "path": "regulation/12",
      "kind": "regulation",
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      "heading": "Apportionment in relation to unrelieved FAFTS charge",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-12",
      "extent": null,
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      "path": "regulation/13",
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      "heading": "Apportionment in relation to a non-profit fund: category 14",
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      "extent": null,
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    },
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      "path": "regulation/14",
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      "heading": "Apportionment in relation to a non-profit fund: other categories",
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      "extent": null,
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      "path": "regulation/15",
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      "number": "15",
      "heading": "Apportionment to BLAGAB where section 67 of Finance Act 2012 applies",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-15",
      "extent": null,
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    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Amendment to paragraph 20 of Schedule 17",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/regulation-16",
      "extent": null,
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      "path": "signature",
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      "heading": "Signature",
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      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/insurance-companies-transitional-provisions-regulations-2012/note",
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  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
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}