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United Kingdom Statutory Instruments
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URL: http://www.bailii.org/uk/legis/num_reg/2006/20062700.html

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STATUTORY INSTRUMENTS

2006 No. 2700

INSURANCE PREMIUM TAX

The Insurance Premium Tax (Amendment) Regulations 2006

  Made 10th October 2006 
  Laid before the House of Commons 12th October 2006 
  Coming into force 1st December 2006 

The Commissioners for Her Majesty's Revenue and Customs make the following Regulations in exercise of the powers conferred by sections 53(6) and 53AA(8) of the Finance Act 1994[1]:

     1. These Regulations may be cited as the Insurance Premium Tax (Amendment) Regulations 2006 and come into force on 1st December 2006.

     2. For form 1 in the Schedule to the Insurance Premium Tax Regulations 1994[2] substitute the form in the Schedule to these Regulations.


Mike Eland

Steve Lamey
Two of the Commissioners for Her Majesty's Revenue and Customs

10th October 2006



SCHEDULE
Regulation 2

The following form is the form referred to in regulation 2.



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EXPLANATORY NOTE

(This note is not part of the Regulations)


These Regulations, which come into force on 1st December 2006, amend the Insurance Premium Tax Regulations 1994 (S.I.1994/1774) by substituting a new form 1 for the form prescribed in Schedule 1 to those Regulations.

A full regulatory impact assessment has not been produced for this instrument, as it has no impact on the costs of business, charities or voluntary bodies.

Notes:

 [1] 1994 c.9; section 74(2) provides that any power to make regulations under Part 3 of the Act shall be exercisable by the Commissioners and section 73(1) defines "the Commissioners" as meaning the Commissioners of Customs and Excise. The functions of the Commissioners of Customs and Excise were transferred to the Commissioners for Her Majesty's Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c.11). Section 50(1) of that Act provides that a reference to the Commissioners of Customs and Excise shall be taken as a reference to the Commissioners for Her Majesty's Revenue and Customs. Section 53A was inserted by paragraph 4 of Schedule 5 to the Finance Act 1995 (c.4) and amended by section 27 of the Finance Act 1997 (c.16); section 53AA was inserted by section 26 of the Finance Act 1997.back

[2] S.I. 1994/1774; relevant amending instruments are S.I. 1995/1587, 1997/1157, 2001/3649.back


ISBN 0 11 075184 1


 © Crown copyright 2006

Prepared 18 October 2006

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