Commentary

D7.609 Life or endowment business—taxable non-directive and non-incorporated societies – Accounting periods ending before 1 January 2013

Corporate tax
Corporate tax | Commentary

D7.609 Life or endowment business—taxable non-directive and non-incorporated societies – Accounting periods ending before 1 January 2013

Corporate tax | Commentary

D7.609 Life or endowment business—taxable non-directive and non-incorporated societies – Accounting periods ending before 1 January 2013

For accounting periods ending before 1 January 2013, many figures in the corporation tax return relating to life or endowment business are taken from the regulatory return required by the Financial Services Authority. Since non-directive societies and non-incorporated societies are subject to different reporting requirements for that regulatory return, modifications were required to the normal corporation tax rules applicable to life offices. For accounting periods after 1 January 2013, the tax rules for life offices make no reference to the regulatory return, thereby

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial