Article 2

Schedule 6 to the Value Added Tax Act 1983 shall be varied by substituting for item 1 of Group 2 (Insurance) the following:—

“1

The provision of insurance and reinsurance by—

(a)

a person permitted in accordance with section 2 of the Insurance Companies Act 1982, to carry on insurance business; or

(b)

an insurer who belongs outside the United Kingdom against any risks or other things described in Schedules 1 and 2 to the Insurance Companies Act 1982.”