UK Statutory Instrument SI 1978/1159 United Kingdom

The Income Tax (Life Assurance Premium Relief) Regulations 1978

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person2 Trader2

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Trader — also bound by 825 other Acts
Companies Act 2006 243 duties
Companies Act 1985 85 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.003 Information to be given to the life office Regulated
  • Obtain a statement from premium payers before accepting net premiumsAny Person
s.007 Supplementary statements Regulated
  • Deliver supplementary statement correcting interim claim estimateTrader
s.009 Annual claims Regulated
  • File annual claim to recover life assurance premium relief within 1 yearTrader
s.012 Inspection of records Regulated
  • Keep records available for HMRC inspection and preserve statements for 3 yearsAny Person
8 other provisions — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation
s.004 Rounding of sums payable by way of net premium
s.005 Deficiency claims: introductory
s.006 Interim claims in advance
s.008 Interim claims in arrear
s.010 Deficiency claims: supplementary provisions
s.011 Information from policyholders

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.