The Industrial Assurance (Life Assurance Premium Relief) (Change of Rate) Regulations 1980
These Regulations authorise industrial assurance companies and collecting societies to amend prescribed or approved schemes adopted by them in accordance with the Industrial Assurance (Life Assurance Premium Relief) Regulations 1977 so that relief under section 19 of the Income and Corporation Taxes Act 1970 (c.10) in respect of premiums due on or after 6th April 1981 on policies of industrial assurance, and on other policies issued by collecting societies, may be effected by the premium payer retaining or having refunded to him the authorised percentage of the premiums payable.