The Insurance Companies (Taxation of Reinsurance Business) (Amendment) (No. 2) Regulations 2008

• Citation: S.I. 2008/2670
• Sections: 5

Section 1 Citation and commencement

These Regulations may be cited as the Insurance Companies (Taxation of Reinsurance Business) (Amendment) (No. 2) Regulations 2008 and shall come into force on 29th October 2008.

Section 2 Amendment to the Insurance Companies (Taxation of Reinsurance Business) Regulations 1995

The Insurance Companies (Taxation of Reinsurance Business) Regulations 1995 are amended as follows.

Section 3 Amendment of regulation 2 (interpretation)

In regulation 2 (interpretation) omit the definition of “inspector” .

Section 4 Amendment of regulation 6 (calculation of investment return in final accounting period)

In paragraph (4)(b) of regulation 6 (calculation of investment return in final accounting period), for “the inspector determines to be” substitute “is”.

Section 5 Amendment of regulation 7 (prescribed percentage rates of return for the purposes of regulations 4 and 5)

(1) Regulation 7 (prescribed percentage rates of return for the purposes of regulations 4 and 5) is amended as follows.

(2) In paragraph (10) for “the inspector determines to be” substitute “is”.

(3) Omit paragraphs (13) and (14).