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HMRC internal manual

General Insurance Manual

From
HM Revenue & Customs
Updated
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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.

  1. GIM6150
    Section 107 FA2000: background (including commencement date and date of repeal)
  2. GIM6160
    Section 107 FA2000: definitions
  3. GIM6170
    Section 107 FA2000: excesses and deficiencies
  4. GIM6180
    Section 107 FA2000: disclaimers
  5. GIM6190
    The General Insurance Reserves (Tax) Regulations: background
  6. GIM6200
    General Insurance Reserves (Tax) Regulations: overview of the calculation
  7. GIM6210
    General Insurance Reserves (Tax) Regulations: summary of regulation 3
  8. GIM6220
    General Insurance Reserves (Tax) Regulations: 'the original provisions'
  9. GIM6230
    General Insurance Reserves (Tax) Regulations: 'the cost of settling liabilities'
  10. GIM6240
    General Insurance Reserves (Tax) Regulations: connected companies, reinsurance and novation
  11. GIM6250
    General Insurance Reserves (Tax) Regulations: discounting
  12. GIM6260
    General Insurance Reserves (Tax) Regulations: margin for error
  13. GIM6270
    General Insurance Reserves (Tax) Regulations: the cumulative excess or deficiency
  14. GIM6280
    General Insurance Reserves (Tax) Regulations: intervening periods
  15. GIM6290
    General Insurance Reserves (Tax) Regulations: adjustments where there was a deficiency and a section 107(4) election had been made
  16. GIM6300
    General Insurance Reserves (Tax) Regulations: adjustments where there was a deficiency and a section 107(4) election had been made: example
  17. GIM6310
    General Insurance Reserves (Tax) Regulations: interest rate
  18. GIM6320
    General Insurance Reserves (Tax) Regulations: Unearned Premium Provision and Unexpired Risks Provision
  19. GIM6330
    General Insurance Reserves (Tax) Regulations: an example of a calculation
  20. GIM6340
    General Insurance Reserves (Tax) Regulations: transfers of business
  21. GIM6350
    General Insurance Reserves (Tax) Regulations: currency accounting: periods ending before 5 December 2003
  22. GIM6360
    General Insurance Reserves (Tax) Regulations: currency accounting: periods beginning on or after 5 December 2003
  23. GIM6370
    General Insurance Reserves (Tax) Regulations: currency accounting: amendments to FA 1993 rules made in Finance Act 2004
  24. GIM6380
    General Insurance Reserves (Tax) Regulations: insolvent companies
  25. GIM6390
    General Insurance Reserves (Tax) Regulations: disclaimers
  26. GIM6400
    General Insurance Reserves (Tax) Regulations: disclaimers: example
  27. GIM6410
    General Insurance Reserves (Tax) Regulations: apportionments
  28. GIM6420
    General Insurance Reserves (Tax) Regulations: companies new to the Regulations
  29. GIM6430
    General Insurance Reserves (Tax) Regulations: funded accounting
  30. GIM6440
    General Insurance Reserves (Tax) Regulations: funded accounting: example