The Lloyd’s Underwriters (Transitional Equalisation Reserves) (Tax) Regulations 2015
The Regulations—make transitional provisions in respect of those amounts of “equivalent Lloyd’s reserves” maintained by corporate or partnership members of Lloyd’s as a result of the application of section 444BA of the Income and Corporation Taxes Act 1988 (c. 1) (“ICTA”) under regulation 3(3) of the Lloyd’s Underwriters (Equalisation Reserves) (Tax) Regulations 2009 (S.I. 2009/2039) (“the 2009 Regulations”); andrevoke the Insurance Companies (Reserves) (Tax) Regulations 1996 (S.I. 1996/2991) and the 2009 Regulations.