The Lloyd’s Underwriters (Tax) Regulations 2005

1. Introductory Text

2. PART 1 General

   1. 1. Citation, commencement and effect

   2. 2. Interpretation

3. PART 2 Determination of a syndicate’s profit or loss

   1. 3. Preliminary

   2. 4. Returns by managing agent

   3. 5. Amendment of syndicate determinations and HMRC enquiries

   4. 6. HMRC determinations

   5. 7. Discovery determinations

   6. 8. Relief in case of mistake in syndicate return

   7. 9. Apportionments of syndicate’s profit or loss

   8. 10. Effect of determinations on members

   9. 11. Assessment of individual members: time limits

   10. 12. Non-delivery of return – reasonable excuse

   11. 13. Determinations and notices of determinations

4. PART 3

   1. 14. Repayment of tax deducted etc. from investment income

5. PART 4 Electronic communications, consequential provisions and repeals

   1. 15. Amendment to the Income and Corporation Taxes (Electronic Communications) Regulations 2003

   2. 16. Consequential provisions and repeals

   3. 17. In Schedule 1 to the Income Tax (Trading and Other...

   4. 18. Regulations 3, 7 and 8 of the Lloyd’s Underwriters (Tax)...

6. Signature

7. Explanatory Note