Introductory text

Insurance Premium Tax

Made 18th July 2023

Laid before the House of Commons 19th July 2023

Coming into force 9th August 2023

The Commissioners for His Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 53(6), 53AA(8), 53A(2) and 74(6A) and (8) of the Finance Act 1994^f1:

Annotations

Footnotes

f1: 1994 c. 9; section 73(1) defines “the Commissioners” as meaning the Commissioners of Customs and Excise. The functions of the Commissioners of Customs and Excise were transferred to the Commissioners for His Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11). Section 50(1) of that Act provides that a reference to the Commissioners of Customs and Excise shall be taken as a reference to the Commissioners for His Majesty’s Revenue and Customs. Section 53(AA) was inserted by section 26 of the Finance Act 1997 (c. 16). Section 53A was inserted by section 34 of, and paragraph 4 of Schedule 5 to, the Finance Act 1995 (c. 4) and amended by section 27(2) of the Finance Act 1997 (c. 16). Section 74 was amended by section 22(2) of Finance Act 1997 (c. 16), sections 51(1) and (5) of Finance Act 2010 (c. 13) and section 337 of the Finance (No. 2) Act 2023 (c. 30).