26 Abolition of relief for equalisation reserves: general insurers
Finance Act 2012 (2012 c 14) | Legislation

26  Abolition of relief for equalisation reserves: general insurers

(1)     Sections 444BA to 444BD of ICTA (equalisation reserves) are repealed.

(2)     In consequence of the repeal of those sections, omit—

(a)     in TMA 1970, in the second column of the table in section 98, the entry relating to regulations under section 444BB of ICTA and the entry relating to regulations under section 444BD of ICTA,

(b)     in FA 1996, section 166 and Schedule 32,

(c)     in FA 2003, in section 153(1)(a), the reference “444BB(3)(b),”,

(d)     in CTA 2009, paragraphs 155 and 156 of Schedule 1, and

(e)     in TIOPA 2010, paragraph 9 of Schedule 8.

(3)     The amendments made by this section have effect in relation to accounting periods ending on or after such day (“the specified day”) as is specified in an order made

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