http://www.legislation.gov.uk/uksi/1995/351/regulation/1/made

The Lloyd’s Underwriters (Tax) Regulations 1995

Tax

King's Printer of Acts of Parliament

2017-05-03

INCOME TAX

These Regulations make provision for the taxation of underwriting members of Lloyd’s and, in doing so, supplement the provisions contained in Chapter III of Part II of the Finance Act 1993 (“the 1993 Act”) relating to members who are individuals, and Chapter V of Part IV of the Finance Act 1994 (“the 1994 Act”) relating to corporate members. The Regulations have effect from the year of assessment 1992–93 in their application to members who are individuals, and from the underwriting year 1994 in their application to corporate members, and revoke certain previous Regulations as mentioned below. Authority for the retrospective effect of these Regulations is given by sections 182(4) and 184(3) of the 1993 Act, and section 230(3) of the 1994 Act.