The Lloyd’s Underwriters (Tax) (1991-92)Regulations 1994
These Regulations, which have effect for the year of assessment 1991-92 only, provide for the assessment and collection of tax charged on underwriting members of Lloyd’s in accordance with section 450 of the Income and Corporation Taxes Act 1988 (“section 450”), (so far as not provided for by Schedule 19A to that Act (“Schedule 19A”)), and section 207 of the Taxation of Chargeable Gains Act 1992 (“section 207”). They provide for the determination in certain circumstances of the person who is a managing agent in relation to a syndicate of underwriting members of Lloyd's, and a members' agent in relation to an underwriting member, for the purposes of Schedule 19A and these Regulations. They also provide for the extension of time limits for underwriting members of Lloyd’s and their spouses to make claims, elections or applications under specified provisions of the Taxes Acts.