The Insurance Companies (Amendment to Schedule 17 to the Finance Act 2012 (Transitional Provision)) Regulations 2013

Sections 55 to 149 of, and Schedules 17 to 19 to, the Finance Act 2012 established a new regime for the taxation of insurance companies. As from 1 January 2013 the starting point for the calculation of the trading profits of insurance companies has been the statutory accounts.