- Latest available (Revised)
- Original (As made)
The Overseas Life Insurance Companies Regulations 2006
You are here:
- UK Statutory Instruments
- 2006 No. 3271
- Explanatory Note
What Version
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations replace the Overseas Insurance Companies Regulations 2004 (S.I. 2004/2200, as amended by S.I. 2005/3375) and other provisions which modify legislation relating to the taxation of overseas life insurance companies (insurance companies resident outside the United Kingdom which carry out life assurance business in the United Kingdom through a permanent establishment).
These Regulations set out all the modifications required to the Corporation Tax Acts so that provisions relating to UK companies carrying on life assurance business apply appropriately to overseas life insurance companies. Different provision are made in some cases for EEA firms and Treaty firms.
Regulation 1 provides for the citation, commencement and effect of the Regulations.
Regulations 3 to 18 contain the modifications to the Income and Corporation Taxes Act 1988.
Regulations 19 to 26 contain the modifications to the Finance Act 1989.
Regulations 27 to 32 contain the modifications to the Taxation of Chargeable Gains Act 1992.
Regulation 33 contains the modifications to the Finance (No. 2) Act 1992.
Regulation 34 contains the modification to the Finance Act 1995.
Regulation 35 contains the modification to the Finance Act 1996.
Regulation 36 contains the modifications to the Capital Allowances Act 2001.
Regulations 37 to 41 contain the modifications to the Finance Act 2002.
Regulation 42 contains the modifications to the Insurance Companies (Overseas Life Assurance Business) (Compliance) Regulations 1995 (S.I. 1995/3237).
Regulation 43 introduces the Schedule which lists the provisions repealed and revoked by these Regulations.
These Regulations do not impose new costs on business.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Explanatory Note only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once
Explanatory Memorandum
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.