25(1)In the Taxes Act 1988 omit—U.K.
(a)section 474(1)(b); and
(b)in section 475(2)(a), the words from “or,” to “life assurance business”.
(2)In section 474 of the Taxes Act 1988, at the end insert—
“(3)In this section any reference to insurance business includes a reference to insurance business of any category.”.