This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

General Insurance Manual

Repeal of equalisation reserves tax legislation for accounting periods ending on or after 1 January 2016: Insurer ceasing to trade during transitional period


If an insurance company ceases to carry on its insurance business during the transitional period, all of the equalisation reserves remaining to be taxed in that year and later years are brought into charge in the accounting period in which cessation occurs.