Other items of interest

December 2006

Statement of intent: surplus releases following CP06/16
HMRC has issued a statement of intent showing how the Government will deal with the implications of releases of surplus as a result of the changes made by the Financial Services Authority to the valuation of liabilities of long-term insurance contracts in instruments made on 15 December 2006 amending, in particular, the Prudential Sourcebook for Insurers (INSPRU).

Pre Budget Report 2006 Newsletter (PDF 116K)
This is the PBR 2006 letter for the insurance sector. Following the approach adopted for Budget 2006 it again covers both indirect and direct tax issues, and includes a section on work being led by HM Treasury.