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HMRC internal manual

General Insurance Manual

From
HM Revenue & Customs
Updated
, see all updates

General Insurance Manual: recent changes

Below are details of the amendments that were published on 29 October 2009 (see the update index for all updates)

Section Details of update  
     
GIM7000 Revised text to introduction and index to Chapter about equalisation reserves  
GIM7010 Revised text about the background  
GIM7020 Revised text about the application of regulatory rules  
GIM7030 Revised text about the classes of business affected  
GIM7050 Revised text about the de minimis limit  
GIM7060 Revised text about calculation the equalisation reserve (classes other than credit business)  
GIM7070 Revised text about the creation of the equalisation reserve (classes other than credit business)  
GIM7090 Revised text about the maximum level of reserve (classes other than credit business)  
GIM7110 Revised text in the example of an equalisation reserve (classes other than credit business)  
GIM7120 Revised text about credit insurance business  
GIM7130 Revised text about de minimis limits for credit business  
GIM7140 Revised text about annual accounting on an underwriting year basis  
GIM7160 Revised text about transfers of a block or all of the business  
GIM7170 Revised text about the regulatory return forms  
GIM7180 Revised text about the tax rules  
GIM7190 Revised text about tax adjustments to premiums or claims  
GIM7200 Revised text about errors in returns or accounts  
GIM7210 Revised text about differences between accounting periods and financial years  
GIM7220 Revised text about funded accounting  
GIM7230 Revised text about shadow equalisation reserves  
GIM7240 Revised text in the worked example of shadow equalisation reserves  
GIM7250 Revised text about an election not to take a tax deduction  
GIM7260 Revised text about parts of equalisation reserves built up prior to the tax rules  
GIM7270 Revised text about cessations  
GIM7280 Revised text about insurers not regulated in the UK and non-statutory reserves  
GIM7290 Revised text about tax relief for UK branches of EEA insurers  
GIM7300 Revised text about tax relief for UK companies trading outside EEA  
GIM7320 Revised text about UK branches of non-EEA insurers  
GIM7330 Revised text about tax credit relief  
GIM7340 Revised text in the example of apportionment for double taxation relief  
GIM7350 Revised text about anti-avoidance  
GIM7360 Revised text about mutuals and partial mutuals  
GIM7370 Revised text about group regulatory returns  
GIM7380 Revised text about the recalculation of reserves for tax purposes  
GIM7390 Revised text about the International Accounting Standards (IAS)