http://www.legislation.gov.uk/uksi/2004/2200/regulation/10/made

The Overseas Life Insurance Companies Regulations 2004

Life insurance

Income tax

Income

Business finance

Tax

King's Printer of Acts of Parliament

2016-04-26

INCOME TAX

These Regulations modify legislation relating to the taxation of overseas life insurance companies. They are consequent to changes made in the Finance Act 2003 (c. 14), by the introduction of section 11AA of the Income and Corporation Taxes Act 1988 (c. 1), to the method of determining for the purposes of corporation tax the amount of profits attributable to a permanent establishment in the United Kingdom of a company that is not resident in the United Kingdom. The meaning of “permanent establishment” is given by section 148 of the Finance Act 2003. These Regulations have substituted this term in most of the places where previously there was a reference to a company’s “branch or agency”.