63 Groups of companies
Finance Act 1994 (1994 c 9) | Legislation

63  Groups of companies

(1)     Where under the following provisions of this section any bodies corporate are treated as members of a group, for the purposes of this Part—

(a)     any taxable business carried on by a member of the group shall be treated as carried on by the representative member,

[(aa)     any business carried on by a member of the group who is a taxable intermediary shall be treated as carried on by the representative member,]

(b)     the representative member shall be taken to be the insurer in relation to any taxable insurance contract as regards which a member of the group is the actual insurer,

[(bb)     the representative member shall be taken to be the taxable intermediary in relation to any taxable intermediary's fees as regards which a member of the group is the actual taxable intermediary,]

(c)     any receipt by a member of the group of a premium under a taxable insurance contract shall be taken to be a

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