Philip Lewis of KPMG in the UK gives his view of the impact of the Budget and Finance Bill on insurance companies
After a substantial level of insurance legislation in the last two Finance Acts this year's Budget and Finance Bill contain much less on the taxation of insurance companies. There are however particular implications for insurers of many of the more general provisions.
Life — Assurance — Specific Measures
Life assurance trade profits provisions
The main life assurance measures are in a group of three provisions on the trading profits of the life assurance business. Life assurance business is (normally) taxed...
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Philip Lewis of KPMG in the UK gives his view of the impact of the Budget and Finance Bill on insurance companies
After a substantial level of insurance legislation in the last two Finance Acts this year's Budget and Finance Bill contain much less on the taxation of insurance companies. There are however particular implications for insurers of many of the more general provisions.
Life — Assurance — Specific Measures
Life assurance trade profits provisions
The main life assurance measures are in a group of three provisions on the trading profits of the life assurance business. Life assurance business is (normally) taxed...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")