http://www.legislation.gov.uk/uksi/1999/881/schedule/paragraph/5The Overseas Insurers (Tax Representatives) Regulations 1999Income taxINCOME TAXStatute Law Database2023-03-29Expert Participation2020-12-31 These Regulations supplement section 552A of the Income and Corporation Taxes Act 1988 (“the Taxes Act”) which provides for non-resident insurance companies to have tax representatives in the United Kingdom for the purpose of securing the discharge by or on behalf of the non-resident of the duties imposed on insurers in relation to relevant insurances by section 552 of the Taxes Act and regulations made under that section (“the relevant duties”). The Regulations come into force on 6th April 1999. SCHEDULEPART II<Strong>UNDERTAKING BY OVERSEAS INSURER – PRE 6TH APRIL 2000 INSURANCES</Strong>5In determining whether the aggregate sum payable, or other benefits to be conferred, by reason of a relevant event exceeds twice the basic rate limit for the tax year in which it occurs, ... all sums payable and benefits to be conferred are to be taken into account which are payable or to be conferred by reason of relevant events occurring in that tax year ... in connection with policies or contracts–aunder which immediately before the relevant event in question the same insurer has obligations, andbwhich are held by the same policy holder.Sch. para. 5 in force at 6.4.1999, see reg. 1Words in Sch. para. 5 substituted (27.10.2008) by The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008 (S.I. 2008/2626), regs. 1, 7(6)(a)Words in Sch. para. 5 omitted (27.10.2008) by virtue of The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008 (S.I. 2008/2626), regs. 1, 7(6)(b)Words in Sch. para. 5 substituted (27.10.2008) by The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008 (S.I. 2008/2626), regs. 1, 7(6)(c)Words in Sch. para. 5 omitted (27.10.2008) by virtue of The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008 (S.I. 2008/2626), regs. 1, 7(6)(d)
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<dc:identifier>http://www.legislation.gov.uk/uksi/1999/881/schedule/paragraph/5</dc:identifier>
<dc:title>The Overseas Insurers (Tax Representatives) Regulations 1999</dc:title>
<dc:subject>Income tax</dc:subject>
<dc:subject scheme="SIheading">INCOME TAX</dc:subject>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2023-03-29</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
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<dc:description>These Regulations supplement section 552A of the Income and Corporation Taxes Act 1988 (“the Taxes Act”) which provides for non-resident insurance companies to have tax representatives in the United Kingdom for the purpose of securing the discharge by or on behalf of the non-resident of the duties imposed on insurers in relation to relevant insurances by section 552 of the Taxes Act and regulations made under that section (“the relevant duties”). The Regulations come into force on 6th April 1999.</dc:description>
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<Strong>UNDERTAKING BY OVERSEAS INSURER – PRE 6TH APRIL 2000 INSURANCES</Strong>
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5
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In determining whether the aggregate sum payable, or other benefits to be conferred, by reason of a relevant event exceeds twice the basic rate limit for
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,
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... all sums payable and benefits to be conferred are to be taken into account which are payable or to be conferred by reason of relevant events occurring in
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... in connection with policies or contracts–
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<Text>
Sch. para. 5 in force at 6.4.1999, see
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<Para>
<Text>
Words in
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substituted (27.10.2008) by
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,
<CitationSubRef CitationRef="cxee0fjn4-00007" id="cxee0fjn4-00008" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2008/2626/regulation/1">regs. 1</CitationSubRef>
,
<CitationSubRef CitationRef="cxee0fjn4-00007" id="cxee0fjn4-00009" SectionRef="regulation-7-6-a" URI="http://www.legislation.gov.uk/id/uksi/2008/2626/regulation/7/6/a" Operative="true">7(6)(a)</CitationSubRef>
</Text>
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<Para>
<Text>
Words in
<CitationSubRef id="cxee0fjn4-00015" SectionRef="schedule-paragraph-5" URI="http://www.legislation.gov.uk/id/uksi/1999/881/schedule/paragraph/5">Sch. para. 5</CitationSubRef>
omitted (27.10.2008) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2626" id="cxee0fjn4-00016" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2626" Title="The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008">The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008 (S.I. 2008/2626)</Citation>
,
<CitationSubRef CitationRef="cxee0fjn4-00016" id="cxee0fjn4-00017" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2008/2626/regulation/1">regs. 1</CitationSubRef>
,
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</Text>
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<Para>
<Text>
Words in
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substituted (27.10.2008) by
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,
<CitationSubRef CitationRef="cxee0fjn4-00025" id="cxee0fjn4-00026" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2008/2626/regulation/1">regs. 1</CitationSubRef>
,
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</Text>
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<Para>
<Text>
Words in
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omitted (27.10.2008) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/uksi/2008/2626" id="cxee0fjn4-00034" Class="UnitedKingdomStatutoryInstrument" Year="2008" Number="2626" Title="The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008">The Overseas Insurers (Tax Representatives) (Amendment) Regulations 2008 (S.I. 2008/2626)</Citation>
,
<CitationSubRef CitationRef="cxee0fjn4-00034" id="cxee0fjn4-00035" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2008/2626/regulation/1">regs. 1</CitationSubRef>
,
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</Text>
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