Regulation 17 Revocations

The Lloyd’s Underwriters (Tax) Regulations 1974^f1, the Lloyd’s Underwriters (Tax) (No. 2) Regulations 1974^f2 and the Lloyd’s Underwriters (Schedule 19A to the Income and Corporation Taxes Act 1988) Regulations 1990^f3 are hereby revoked.

A claim made under regulation 21 of the Lloyd’s Underwriters (Tax) Regulations 1974 which was valid for the purposes of that regulation immediately before the coming into force of these Regulations but which had not been finally determined at that time (“a pending claim”) shall have effect as if made under regulation 13 of these Regulations, and accordingly references in that regulation to a claim shall be construed as including references to a pending claim.