GIM6000 - Technical provisions
This section provides guidance on the taxation of the technical provisions that are found in the accounts of general insurers. See GIM7000+ for the tax treatment of equalisation reserves.
| GIM6010 | Background |
| GIM6020 | Unearned Premium Provision |
| GIM6030 | Unexpired Risks Provision |
| GIM6040 | Unexpired Risks Provision: differences between accounts and regulatory return |
| GIM6050 | Unexpired Risks Provision: discounting |
| GIM6060 | Unexpired Risks Provision: exchange gains and losses |
| GIM6070 | Unexpired Risks Provision: mortgage indemnity business |
| GIM6080 | Accounting periods beginning before 1 January 2000: background |
| GIM6090 | Accounting periods beginning before 1 January 2000: accounting practice |
| GIM6100 | Accounting periods beginning before 1 January 2000: reported claims and “incurred but not reported” (IBNR) |
| GIM6110 | Accounting periods beginning before 1 January 2000: salvage, subrogation and reinsurance recoveries |
| GIM6120 | Accounting periods beginning before 1 January 2000: exchange gains and losses |
| GIM6130 | Accounting periods beginning before 1 January 2000: claims handling expenses |
| GIM6140 | Accounting periods beginning before 1 January 2000: enquiries |
| GIM6150 | Periods of account beginning on or after 1 January 2000: section 107 FA2000: introduction (including commencement date and date of repeal) |
| GIM6160 | Periods of account beginning on or after 1 January 2000: section 107 FA2000: definitions |
| GIM6170 | Periods of account beginning on or after 1 January 2000: section 107 FA 2000: excesses and deficiencies |
| GIM6180 | Periods of account beginning on or after 1 January 2000: section 107 FA 2000: disclaimers |
| GIM6190 | Periods of account beginning on or after 1 January 2000: the General Insurance Reserves (Tax) Regulations: background |
| GIM6200 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: overview of the calculation |
| GIM6210 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: summary of regulation 3 |
| GIM6220 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: “the original provisions” |
| GIM6230 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: “the cost of settling liabilities” |
| GIM6240 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: connected companies, reinsurance and novation |
| GIM6250 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: discounting |
| GIM6260 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: margin for error |
| GIM6270 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: the cumulative excess or deficiency |
| GIM6280 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: intervening periods |
| GIM6290 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: adjustments where there is a deficiency and a section 107(4) election has been made |
| GIM6300 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: adjustments where there is a deficiency and a section 107(4) election has been made: example |
| GIM6310 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: interest rate |
| GIM6320 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: Unearned Premium Provision and Unexpired Risks Provision |
| GIM6330 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: an example of a calculation |
| GIM6340 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: transfers of business |
| GIM6350 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: currency accounting: periods ending before 5 December 2003 |
| GIM6360 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: currency accounting: periods beginning on or after 5 December 2003 |
| GIM6370 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: currency accounting: amendments to FA 1993 rules made in Finance Act 2004 |
| GIM6380 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: insolvent companies |
| GIM6390 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: disclaimers |
| GIM6400 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: disclaimers: example |
| GIM6410 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: apportionments |
| GIM6420 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: companies new to the Regulations |
| GIM6430 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: funded accounting |
| GIM6440 | Periods of account beginning on or after 1 January 2000: General Insurance Reserves (Tax) Regulations: funded accounting: example |
