Policy paper

Corporation Tax: The Insurance Companies ("The Long-term Business Fixed Capital") Regulations 2023

This tax information and impact note clarifies the meaning of structural assets of an insurance company’s long-term business.

From:
HM Revenue & Customs
Published
21 November 2023
Last updated
25 January 2024 — See all updates

Documents

The Insurance Companies ("The Long-term Business Fixed Capital") Regulations 2023 — Corporation Tax

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These regulations make provisions to clarify which assets are to be regarded for the purposes of section 137 of Finance Act 2012 as being, or as not being, structural assets of an insurance company’s long-term business. They apply to accounting periods beginning on or after 1 January 2024.

You can also read the legislation and explanatory memorandum.

Published 21 November 2023
Last updated 25 January 2024 + show all updates

  1. The Exchequer cost impact figures have been updated.

  2. First published.

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