Correction Slip 1
These Regulations enable payments to be made to the holders of insurance policies whose entitlements have been reduced following the issuing of a “write-down order” (as defined by regulation 2) without incurring charges to income tax under any of sections 208, 209 and 239 of the Finance Act 2004 (“FA 2004”) (c. 12).
Lifecycle
Department
Made
15 Sept 2023
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In force
31 Oct 2023
Enabling power
The Commissioners for His Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 164(1)(f) and (2), and section 172A(5)(f) of the Finance Act 2004, and now exercisable by them.
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