Commentary

E1.1352 Collection procedure

Personal and employment tax

E1.1352 Collection procedure

E1.1352 Collection procedure

Life assurance premium relief is abolished in respect of all policies with effect from, broadly, 6 April 2015 (see E1.1300).

Any life office which is required1 to deduct and retain from proceeds arising on surrender etc of life policies any amount by way of recovery must make a return to the collector of all such sums falling due during each return period. The return is made for each 12-month period ended 31 March. The return is due to be filed within 30 days of the end of each return period2.

Any recoveries included in a return must be paid

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