Commentary

D7.402 Definition of an insurance company

Corporate tax
Corporate tax | Commentary

D7.402 Definition of an insurance company

Corporate tax | Commentary

D7.402 Definition of an insurance company

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5

The statutory definition of an insurance company for taxation purposes has changed over time. It is currently defined as a person (other than a friendly society) who has permission under the Financial Services and Markets Act 2000, Pt 4 (ss 40–55) to effect or carry out contracts of insurance1. Prior to IP completion day (11pm on 31 December 2020), it also included an EEA firm of the kind

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