# The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2004, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Overseas Insurers (Tax Representatives) Regulations 1999 (S.I. 1999/881) as a consequence of the change made to the rate of corporation tax chargeable on the policyholder’s share of profits of life assurance business made by paragraph 13(2) of Schedule 33 to the Finance Act 2003.
Regulation 1 provides for the citation and commencement of the Regulations.
Regulation 2 amends paragraph 10(f) of the Schedule to the 1999 Regulations to include information about whether the policy holder is to be treated as having paid income tax at the lower rate on the amount of any gain which is notifiable to the Inland Revenue in accordance with that paragraph.
These Regulations do not impose any new costs on business.

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Source: https://www.legislation.gov.uk/uksi/2004/3272/note (the official version)
Page: https://openlegislation.uk/overseas-insurers-tax-representatives-amendment-regulations-2004/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.