93 Minimum profits test
Finance Act 2012 (2012 c 14) | Legislation

Minimum profits charge

93  Minimum profits test

(1)     This section applies if an insurance company has a BLAGAB trade profit for an accounting period.

(2)     A comparison must be made between—

(a)     the I-E profit or excess BLAGAB expenses for the accounting period, and

(b)     the BLAGAB trade profit for the accounting period,

adjusted

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