Regulation 6 Insertion of regulation 7A

After regulation 7 (modification of section 431D of the Income and Corporation Taxes Act 1988) insert—

“7A.

(1)

Modify section 431G (company carrying on life assurance business)^f1 as follows.

(2)

In subsection (1) after “life assurance business” insert “through a permanent establishment in the United Kingdom”.

(3)

In subsections (2) and (3)(a) and (b), after “life assurance business” insert “carried on through a permanent establishment in the United Kingdom”.

7B.

In section 431H (company carrying on life assurance business and other insurance business), in subsection (1), after “any other kind” insert “through a permanent establishment in the United Kingdom”.”