http://www.legislation.gov.uk/uksi/2009/2889/contents/made

The Lloyd’s Underwriters (Tax) (Amendment) Regulations 2009

Income tax

Tax

Corporation tax

en

King's Printer of Acts of Parliament

2011-07-04

INCOME TAX

CORPORATION TAX

These Regulations amend the Lloyd’s Underwriters (Tax) Regulations 2005 (S.I. 2005/3338) (the “principal Regulations”) so as to apply the provisions of paragraph 2 of Schedule 11 to the Finance Act 2007 to managing agents of Lloyd’s syndicates. Paragraph 2 of Schedule 11 enables an officer of Revenue and Customs to require a general insurer to provide a report in respect of the amount of technical provisions stated in the general insurer’s accounts. These Regulations modify paragraph 2 so that it also applies in respect of technical provisions made by Lloyd’s syndicates.