Regulation 8 Amendment of regulation 9

Regulation 9 (modifications of section 432B of the Income and Corporation Taxes Act 1988) is amended as follows.

In paragraph (2), for “ in (both places” substitute “(in the first place”.

In paragraph (3), for sub-paragraphs (a) and (b) substitute—

“(a)

in the case of an EEA firm or a treaty firm—

(i)

for “any company” substitute “any overseas life insurance company where the company is an EEA firm or a Treaty firm”, and

(ii)

for “in line 13 of Form 40 in the periodical return of the company” substitute (in both places) “in the profit and loss account included in the IAD accounts, or in the income statement included in the IAS accounts,”, and”.