The Lloyd’s Underwriters (Equalisation Reserves) (Tax) Regulations 2009

1. Introductory Text

2. 1. Citation, commencement and effect

3. 2. Interpretation

4. 3. Reserves maintained by Lloyd’s members which are equivalent to equalisation reserves

5. 4. Modifications of section 444BA Income and Corporation Taxes Act 1988 and equalisation reserves rules

6. 5. Further modification for purposes of computing profits or losses arising in the first accounting period to which these Regulations apply

7. Signature

8. Explanatory Note