GIM6145 - Technical provisions: periods of account beginning on or after 1 January 2000 and ending before 19 July 2007: section 107 FA2000

This section of the Chapter on technical provisions gives guidance on the tax treatment of technical provisions under FA00/S107, namely for accounting periods beginning on or after 1 January 2000 and ending before 19 July 2007.

There is a short transitional provision relating to FA00/S107 (4) described at GIM6180.


GIM6150

Section 107 FA2000: background (including commencement date and date of repeal)

GIM6160

Section 107 FA2000: definitions

GIM6170

Section 107 FA2000: excesses and deficiencies

GIM6180

Section 107 FA2000: disclaimers

GIM6190

The General Insurance Reserves (Tax) Regulations: background

GIM6200

General Insurance Reserves (Tax) Regulations: overview of the calculation

GIM6210

General Insurance Reserves (Tax) Regulations: summary of regulation 3

GIM6220

General Insurance Reserves (Tax) Regulations: 'the original provisions'

GIM6230

General Insurance Reserves (Tax) Regulations: 'the cost of settling liabilities'

GIM6240

General Insurance Reserves (Tax) Regulations: connected companies, reinsurance and novation

GIM6250

General Insurance Reserves (Tax) Regulations: discounting

GIM6260

General Insurance Reserves (Tax) Regulations: margin for error

GIM6270

General Insurance Reserves (Tax) Regulations: the cumulative excess or deficiency

GIM6280

General Insurance Reserves (Tax) Regulations: intervening periods

GIM6290

General Insurance Reserves (Tax) Regulations: adjustments where there was a deficiency and a section 107(4) election had been made

GIM6300

General Insurance Reserves (Tax) Regulations: adjustments where there was a deficiency and a section 107(4) election had been made: example

GIM6310

General Insurance Reserves (Tax) Regulations: interest rate

GIM6320

General Insurance Reserves (Tax) Regulations: Unearned Premium Provision and Unexpired Risks Provision

GIM6330

General Insurance Reserves (Tax) Regulations: an example of a calculation

GIM6340

General Insurance Reserves (Tax) Regulations: transfers of business

GIM6350

General Insurance Reserves (Tax) Regulations: currency accounting: periods ending before 5 December 2003

GIM6360

General Insurance Reserves (Tax) Regulations: currency accounting: periods beginning on or after 5 December 2003

GIM6370

General Insurance Reserves (Tax) Regulations: currency accounting: amendments to FA 1993 rules made in Finance Act 2004

GIM6380

General Insurance Reserves (Tax) Regulations: insolvent companies

GIM6390

General Insurance Reserves (Tax) Regulations: disclaimers

GIM6400

General Insurance Reserves (Tax) Regulations: disclaimers: example

GIM6410

General Insurance Reserves (Tax) Regulations: apportionments

GIM6420

General Insurance Reserves (Tax) Regulations: companies new to the Regulations

GIM6430

General Insurance Reserves (Tax) Regulations: funded accounting

GIM6440

General Insurance Reserves (Tax) Regulations: funded accounting: example