- Latest available (Revised)
- Original (As made)
The Lloyd’s Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995
You are here:
- UK Statutory Instruments
- 1995 No. 3225
- Regulation 6
What Version
Opening Options
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This is the original version (as it was originally made).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.
Amount of excess gilt interest paid— set off of tax nominally attributable to that amount against tax for other quarters
6.—(1) Where for any quarter in an underwriting year there is an amount of excess gilt interest paid, the managing agent may claim to have the income tax nominally attributable to the amount of excess gilt interest paid set against income tax for which he is liable to account under regulation 5 for a previous quarter falling within the same underwriting year.
(2) Any claim under paragraph (1) above shall be included in a return made for the quarter, and (where necessary) income tax paid by the managing agent under these Regulations for that underwriting year and before the claim is allowed shall be repaid accordingly.
(3) Subject to paragraph (1) above, where for any quarter other than the final quarter in an underwriting year there is an amount of excess gilt interest paid, any income tax for which the managing agent would otherwise be accountable under regulation 5 for subsequent quarters falling within the same underwriting year shall be reduced by the income tax nominally attributable to the amount of excess gilt interest paid.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Section only
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.
Opening Options
Different options to open legislation in order to view more content on screen at once
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
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.