Regulation 4 Date for payment
(1)
Subject to paragraph (2)–
(a)
tax charged by an assessment on–
(i)
the profits or gains arising to a member from his underwriting business, and
(ii)
the profits or gains arising to him from assets forming part of a premiums trust fund,shall be payable on or before 1st July 1990, and
(b)
tax charged by an assessment on a member’s syndicate gains shall be payable on or before 1st January 1990.
(2)
Tax contained in an assessment made less than 30 days before, or after, the date specified in sub-paragraph (a) or (b) of paragraph (1) shall be payable at the expiration of a period of 30 days beginning with the date of the issue of the notice of assessment.