The Life Assurance (Apportionment of Receipts of Participating Funds) (Applicable Percentage) Order 2003
This Order provides for the method of determining “the applicable percentage” for the purposes of section 432E(3) of the Income and Corporation Taxes Act 1988 (c. 1). It replaces the Life Assurance (Apportionment of Receipts of Participating Funds) (Applicable Percentage) Order 1990 (S.I. 1990/1541) (“the 1990 Order”) for periods of account ending on or after 7th August 2003.