PART 2Insurance companies carrying on long-term business
CHAPTER 12Supplementary
Powers conferred on Treasury or HMRC Commissioners
143Power to amend definition of “insurance business transfer scheme” etc
1
If, in consequence of any amendment of section 105 of FISMA 2000 (insurance business transfer schemes), they consider it expedient to do so, the Treasury may by order amend—
a
the definition of “insurance business transfer scheme” given by section 139, or
b
any other provision of the Corporation Tax Acts that makes special provision in relation to insurance companies, any category of life assurance business carried on by insurance companies or long-term business carried on by insurance companies.
2
An order under subsection (1) may be made so as to have effect in relation to—
a
any period ending on or before the day on which the order is made, or
b
any period beginning before and ending after that day,
but only if the amendment of section 105 of FISMA 2000 has effect in relation to that period.
3
An order under subsection (1) may—
a
make different provision for different cases or circumstances, and
b
contain incidental, supplementary, consequential, transitional, transitory or saving provision.