PART 2 AMENDMENTS TO PRIMARY LEGISLATION

The Income and Corporation Taxes Act 1988 (c. 1)

Interpretation of Chapter 2 of Part 12

37.  In section 466(1) (interpretation of Chapter 2)(1)—

(a) in paragraph (a) for the words from “within Class I” to the end substitute “of effecting or carrying out contracts of insurance which fall within paragraphs I, II or III of Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”;

(b) in paragraph (d)—

(i) for “Class IV of Head A” substitute “paragraph IV of Part II”;

(ii) in sub-paragraph (ii) for “Class I, II or III of Head A” substitute “paragraphs I, II or III of Part II”.

(1)

Section 466(1) was substituted by section 171(1) of the Finance Act 1996.