{
  "url": "https://openlegislation.uk/insurance-premium-tax-regulations-1994/regulation-2",
  "json_url": "https://openlegislation.uk/insurance-premium-tax-regulations-1994/regulation-2.json",
  "legislation": "uksi/1994/1774",
  "legislation_title": "The Insurance Premium Tax Regulations 1994",
  "legislation_url": "https://openlegislation.uk/insurance-premium-tax-regulations-1994",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In these Regulations—\n“accounting period” means—\n(a) in the case of a registered person, each period of three months ending on the dates notified to him by the Commissioners, whether by means of a certificate of registration issued by them or otherwise;\n(b) in the case of a registrable person who is not registered, each quarter; or\n(c) in the case of any registrable person, such other period in relation to which he is required by or under regulation 12 to make a return;\nand, in every case, the first accounting period of a registrable person shall commence on the effective date determined in accordance with section 53 of the Act upon which the person was or should have been registered;\n“the Act” means Part III of the Finance Act 1994\n“Collector” means a Collector, Deputy Collector or Assistant Collector of Customs and Excise\n“Lloyd's” means the society incorporated by section 3 of Lloyd’s Act 1871;\n“managing agent” has the same meaning as in section 12(1) of Lloyd’s Act 1982;\n“registered person” means a person who is registered under section 53 of the Act and, except in regulation 30, “register” and “registration” shall be construed accordingly;\n“registration number” means the unique identifying number allocated to a registered person and notified to him by the Commissioners;\n“return” means a return which is required to be made in accordance with regulation 12;\n“underwriting member” has the same meaning as in section 2(1) of Lloyd’s Act 1982.\n(2) Any reference in these Regulations to “this Part” is a reference to the Part of these Regulations in which that reference is made.\n(3) Any reference in these Regulations to a form prescribed in the Schedule to these Regulations shall include a reference to a form which the Commissioners are satisfied is a form to the like effect.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "34 & 35 Vict.c.xxi."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1982 c.xiv."
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1997/1157",
      "affecting_title": "The Insurance Premium Tax (Amendment) Regulations 1997"
    },
    {
      "type": "added",
      "affecting": "uksi/1997/1157",
      "affecting_title": "The Insurance Premium Tax (Amendment) Regulations 1997"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2023/827",
      "affecting_title": "The Insurance Premium Tax (Amendment) Regulations 2023"
    },
    {
      "type": "inserted",
      "affecting": "uksi/2023/827",
      "affecting_title": "The Insurance Premium Tax (Amendment) Regulations 2023"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1774/regulation/2",
    "retrieved_at": "2026-10-29T13:29:58.009299+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}