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Finance Act 2021
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- UK Public General Acts
- 2021 c. 26
- SCHEDULE 1
- PART 3
- FA 2012
- Paragraph 32
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- 10/06/2021- Amendment
- 01/03/2024
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32U.K.In section 102 of FA 2012 (policyholders' rate of tax on policyholders' share of I - E profit), at the end insert—
“(5)The policyholders' share of the I - E profit for an insurance company's accounting period is to be left out of account in determining for the purposes of Part 3A of CTA 2010 (companies with small profits)—
(a)the augmented profits of the company for the accounting period, and
(b)the taxable total profits of the company for the accounting period.”
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