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Regulation 17 Scope

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This Part applies where an insurer has paid tax and all or part of the premium on which the tax was charged is repaid.

(2)

Where an insurer receives a premium in an accounting period and repays that premium or part of it in that accounting period, this Part shall apply as if the tax on the premium had already been paid by him.

(3)

This Part applies subject to regulation 7.