The Insurance Companies (Calculation of Profits: Policy Holders’ Tax) (Amendment) Regulations 2010

Amendment of regulation 3

This section has no associated Explanatory Memorandum

4.  In regulation 3 at the end as a new paragraph insert—

This regulation does not apply for a period of account in which there has been a substantial change in the business of the company, except to the extent permitted by regulation 3A(2)(a), or for any subsequent period of account..