Regulation 1 Citation, commencement and application

(1)

These Regulations may be cited as the International Controlled Transaction Reporting Regulations 2026 and come into force on 26th November 2026.

(2)

These Regulations apply to—

(a)

accounting periods^f1 beginning on or after 1st January 2027, and

(b)

underwriting years beginning on or after 1st January 2027 where the profits or losses arising to a member in any underwriting year directly from its membership of one or more syndicates are required to be declared on or after 1st January 2030.

Annotations

Footnotes

f1: “Accounting period” is defined by section 1119 of the Corporation Tax Act 2010 (c. 4).