# The Insurance Premium Tax (Taxable Insurance Contracts) Order 1994, Article 4


In section 70 of the Act—
(a) in subsection (1), for the words “the following provisions of this section” there shall be substituted “subsection (1A) below”;
(b) after subsection (1) there shall be inserted the following—
“(1A) A contract is not a taxable insurance contract if it falls within one or more of the paragraphs of Part I of Schedule 7A to this Act.
(1B) Part II of Schedule 7A to this Act (interpretation of certain provisions of Part I) shall have effect.”;
(c) subsections (2) to (10) shall be deleted.

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Source: https://www.legislation.gov.uk/uksi/1994/1698/article/4 (the official version)
Page: https://openlegislation.uk/insurance-premium-tax-taxable-insurance-contracts-order-1994/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.