UK Statutory Instrument SI 2022/1165 United Kingdom

The Insurance Contracts (Tax) (Change in Accounting Standards) Regulations 2022

Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trader2

Other Acts binding the same actors

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Trader — also bound by 825 other Acts

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 Determining the transitional amount Regulated
  • Calculate transitional amount when adopting IFRS 17Trader
s.012 Amounts recognised in other comprehensive income Regulated
  • Bring insurance contract OCI amounts into corporation tax when contract is derecognisedTrader
11 other provisions — procedural and definitional
s.001 Citation, commencement and effect
s.002 Interpretation
s.004 Trading apportionment of the transitional amount
s.005 Treatment of the transitional amount
s.006 Transitional period over which the transitional amount brought into account
s.007 Transfers of business in the transitional period: transferee within charge to corporation tax
s.008 Transfers of business in the transitional period: other cases
s.009 Cessation of long-term business in the transitional period
s.010 Election under section 18A of the Corporation Tax Act 2009 in the transitional period
s.011 Exclusion of adjustment on change of basis rules
s.013 Meaning of “ordinary BLAGAB management expenses”

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