F16(1)In this Schedule—
[F2“provisional fraction” shall be construed in accordance with paragraphs 1(4) and 2 above;]
“provisional repayment” means a provisional repayment under paragraph 1 above;
“provisional repayment period” shall be construed in accordance with paragraph 1 above.
(2)Any reference in this Schedule to a provisional repayment for an accounting period is a reference to a provisional repayment for a provisional repayment period falling within that accounting period.
(3)F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F4(4)Sub-paragraph (5) below applies in any case where an insurance company—
(a)which has delivered a return under section 11 of the Management Act for an accounting period ending before the self-assessment appointed day, but
(b)which has not delivered its first [F5company tax return] for an accounting period ending on or after that day,
makes the first claim for a provisional repayment for a particular accounting period ending on or after that day.
(5)Where this sub-paragraph applies—
(a)the provisional fraction for the accounting period to which the claim mentioned in sub-paragraph (4) above relates shall be determined in accordance with paragraph 1(3), (4), and (6) and sub-paragraph (3) above, as they have effect in relation to accounting periods ending before that day; and
(b)paragraph 2 above, as originally enacted, shall have effect in relation to that accounting period as it has effect in relation to accounting periods ending before that day.
(6)In this paragraph “the self-assessment appointed day” means the day appointed under section 199 of the M1Finance Act 1994 for the purposes of Chapter III of Part IV of that Act (self-assessment management provisions).]
Textual Amendments
F1Sch. 19AB inserted (25.7.1991 with effect as mentioned in s. 49(3) in relation to accounting periods beginning on or after 2.10.1992) by Finance Act 1991 (c. 31, SIF 63:1), s. 49, Sch. 8; S.I. 1992/1746, art.2
F2Sch. 19AB para. 6(1): definition of "provisional fraction" substituted (with effect in accordance with s. 169(3) of the amending Act) by Finance Act 1996 (c. 8), Sch. 34 para. 4(2)
F3Sch. 19AB para. 6(3) repealed (with effect in accordance with s. 169(3) of the repealing Act) by Finance Act 1996 (c. 8), Sch. 34 para 4(3), Sch. 41 Pt. 5(27), Note
F4Sch. 19AB para. 6(4)-(6) added (with effect in accordance with s. 169(3) of the amending Act) by Finance Act 1996 (c. 8), Sch. 34 para. 4(4)
F5Words in Sch. 19AB para. 6(4)(b) substituted (with effect in accordance with s. 117(4)(5) of the amending Act) by Finance Act 1998 (c. 36), Sch. 19 para. 51(13); S.I. 1998/3173, art. 2
Marginal Citations