The Insurance Companies (Calculation of Profits: Policy Holders’ Tax) (Amendment) Regulations 2010
These Regulations amend the Insurance Companies (Calculation of Profits: Policy Holders’ Tax) Regulations 2003 (S.I. 2003/2082) (“the principal Regulations”) which make provision for the purposes of section 82A of the Finance Act 1989 (c. 26) for a deduction for tax expended on behalf of policy holders or annuitants in computing the profits of an insurance company in respect of its life assurance business.