SCHEDULES
SCHEDULE 8Insurance companies: basis of taxation etc
Part 1Amendments
Income and Corporation Taxes Act 1988 (c. 1)
1
ICTA is amended as follows.
F12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
Omit section 439A (taxation of pure reinsurance business).
F28
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F39
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
In section 755A(2) and (6)(a)
(controlled foreign companies: apportionments to companies carrying on life assurance business), for “not charged to tax under Case I of Schedule D in respect of its profits from” substitute “
charged to tax under the I minus E basis in respect of
”
.