SCHEDULES
C1SCHEDULE 19 Lloyd’s underwriters: assessment and collection of tax
Annotations:
Modifications etc. (not altering text)
Part II Payments on account of tax
Preliminary
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In this Part of this Schedule “profit or loss”, in relation to a member and any person who is his members’ agent, means the aggregate amount of the profits or losses which, in the accounts of the syndicates of which he is a member and in relation to which that person is his members’ agent, are shown as arising to him, and “profit” and “loss” shall be construed accordingly.
Sch. 19 extended (with modifications) (3.5.1994) by 1994 c. 9, s. 221(1) (subject to s. 221(2))