- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
Statutory Instruments
INCOME TAX
Made
10th December 2004
Laid before the House of Commons
10th December 2004
Coming into force in accordance with regulation 1
The Commissioners of Inland Revenue, in exercise of the powers conferred upon them by section 431D of the Income and Corporation Taxes Act 1988(1), make the following Regulations:
1. These Regulations may be cited as the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2004 and shall come into force —
(a)for the purposes of this regulation, regulation 2 and paragraphs (1) and (6) of regulation 3 shall come into force on 31st December 2004; and
(b)for all other purposes on 6th April 2006.
2. The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000(2) are amended as follows.
3.—(1) Regulation 7(b) is amended as follows.
(2) In the words preceding sub-paragraph (i) omit “where the Board”.
(3) At the beginning of sub-paragraph (i) insert “where the Board”.
(4) At the end of sub-paragraph (i) omit “or”.
(5) At the beginning of sub-paragraph (ii) insert “where the Board”
(6) In sub-paragraph (ii) after “section 596(2)(b)” insert—
“of the Income and Corporation Taxes Act or section 390 of the Income Tax (Earnings and Pensions) Act 2003(3)”;
(7) After sub-paragraph (ii) add—
“; or
(iii)which is for the time being a qualifying overseas pension scheme within the meaning of paragraph 5 of Schedule 33 to the Finance Act 2004.”.
David Varney
Helen Ghosh
Two of the Commissioners of Inland Revenue
10th December 2004
(This note is not part of the Regulations)
These Regulations amend the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000 (“the 2000 Regulations”).
Regulation 1 provides for the citation and commencement of this instrument.
Regulation 2 introduces, and regulation 3 makes, the amendments to the 2000 Regulations.
The effect of the amendments is to add a further description of business in regulation 7 of the 2000 Regulations. That description is not excluded from the meaning of “overseas life assurance business” contained in section 431D of the Income and Corporation Taxes Act 1988.
These Regulations do not impose new costs on business.
1988 c. 1. Section 431D was inserted by paragraphs 2 and 55 of Schedule 8 to the Finance Act 1995 (c. 4): the relevant amendment was that made by section 108(1) of the Finance Act 2000 (c. 17).
2003 c. 1: this section is prospectively repealed, with effect from 6th April 2006, by Part 7 of the Finance Act 2004.
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Mae Memoranda Esboniadol yn nodi datganiad byr o ddiben Offeryn Statudol ac yn rhoi gwybodaeth am ei amcan polisi a goblygiadau polisi. Maent yn ceisio gwneud yr Offeryn Statudol yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol, ac maent yn cyd-fynd ag unrhyw Offeryn Statudol neu Offeryn Statudol Drafft a gyflwynwyd ger bron y Senedd o Fehefin 2004 ymlaen.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys