Finance Act 2012 introduced a new regime for the taxation of life insurance companies, with effect from 1 January 2013.
Guidance on the pre-2013 regime is found in the latest (2008) version of the Life Assurance Manual (LAM),which can be accessed via the following link:
Comprehensive guidance on the new regime will be provided in due course. In the meantime, we are providing interim standalone guidance on those aspects which are most likely to be of immediate interest.
The first four guidance papers can be accessed via the links below:
There is also guidance on interaction with the CFC legislation see link below:
Further interim guidance will be added as it becomes available.
There is a short window for an informal consultation on additional transitional regulations. See link below: