55 Credit
Finance Act 1994 (1994 c 9) | Legislation

55 Ìý°ä°ù±ð»å¾±³Ù

(1)     Regulations may provide that where an insurer [or taxable intermediary] has paid tax and all or part of the premium [or taxable intermediary's fee (as the case may be)] is repaid, the insurer [or taxable intermediary] shall be entitled to credit of such an amount as is found in accordance with prescribed rules.

(2)     Regulations may provide that where—

(a)     by virtue of regulations made under section 68 below tax is charged in relation to a premium which is shown in the accounts of an insurer as due to him,

(b)     that tax is paid, and

(c)     it is shown to the satisfaction of the Commissioners that the premium, or part of it, will never actually be received by or on behalf of the insurer,

the insurer shall be entitled to credit of such an amount as is found in accordance with prescribed rules.

(3)     Regulations may make provision

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