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SCHEDULES

SCHEDULE 4U.K. Tax credits, taxation of distributions etc

Modifications etc. (not altering text)

C1Sch. 4 applied (with modifications) ( temp. from 6.4.1999 to 6.4.2004) by S.I. 1998/1871, reg. 4

Part II U.K. Insurance companies and Lloyd’s underwriters

U.K.The Taxes Act 1988

Section 231BU.K.

26(1)In section 231B of the Taxes Act 1988, in subsection (4)(b), the words “or 441A(7)” shall be omitted.U.K.

(2)This paragraph has effect in relation to distributions made on or after 6th April 1999.

Section 434U.K.

F127U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 441AU.K.

28(1)In section 441A, subsections (2) to (8) (regulations about tax credits to which insurance companies are entitled) shall cease to have effect.U.K.

(2)This paragraph has effect in relation to distributions made on or after 6th April 1999.

Schedule 19ACU.K.

F229U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

U.K.The Finance Act 1993

Schedule 20U.K.

Prospective

30(1)In Schedule 20 to the M1Finance Act 1993 (Lloyd’s underwriters: special reserve funds) the following provisions shall cease to have effect—U.K.

(a)paragraph 9(3) (claims for payment of tax credits); and

(b)in paragraph 11(3)(c) (value of fund as increased by tax repayment or tax credit received under paragraph 9(2) or (3)) the words “or tax credit received” and “or (3)”.

(2)Sub-paragraph (1) above has effect in relation to distributions made on or after 6th April 1999.

Marginal Citations