# The Overseas Life Insurance Companies (Amendment) Regulations 2007, Regulation 4: Amendment of regulation 5


(1) Regulation 5 (modifications of section 76 of the Income and Corporation Taxes Act 1988) is amended as follows.
(2) In paragraph (2), in the substituted subsection (3), for paragraph (b) substitute—
“(b) where the company is an EEA firm or a Treaty firm—
(i) so much of the expenses included in item II.8 or 9(a) of the profit and loss account included in IAD accounts as are attributable to a permanent establishment in the United Kingdom through which the company carries on life assurance business; or
(ii) so much of the expenses included in the income statement included in IAS accounts as are equivalent to expenses that would be included in item II.8 or 9(a) of the profit and loss account included in any IAD accounts and are so attributable; ”.
(3) Omit paragraph (4).

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Source: https://www.legislation.gov.uk/uksi/2007/2146/regulation/4 (the official version)
Page: https://openlegislation.uk/overseas-life-insurance-companies-amendment-regulations-2007/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.