Search Legislation

Advanced Search

The Insurance Premium Tax Regulations 1994

Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)

More Resources

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Records

41.—(1) Where—

(a)an insured person has been served with a liability notice;

(b)he is carrying on a business; and

(c)the contract provides cover for any matter associated with that business,

the insured person shall keep and preserve the records specified in paragraph (2) below.

(2) The records which an insured person shall keep and preserve are such of the following as relate to the contract—

(a)his business and accounting records;

(b)policy documents, cover notes, endorsements and similar documents;

(c)all invoices, renewal notices and similar documents issued to him;

(d)all credit or debit notes or other documents received by him which evidence an increase or decrease in the premium, and copies of such documents that are issued by him.

(3) Every insured person who is required to keep and preserve records by paragraph (1) above shall do so for a period of six years.

(4) The reference in paragraph (2)(d) above to any premium shall be construed for the purposes of that paragraph as it would be construed for the purposes of Part V of these Regulations.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources

The data on this page is available in the alternative data formats listed: