Commentary on Sections Overview Chapter 6: Chapters 2 to 5: further provision Section 1081: Insurance companies treated as large companies
2820.This section provides that a company which carries on life assurance business in an accounting period and which qualifies as a small or medium-sized enterprise (see section 1119) is to be treated as a large company (see section 1122) for the purposes of Chapters 2 to 5. It is based on paragraph 12 of Schedule 12 to FA 2002.