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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 12 March 2010 (see the update index for all updates)

Section Details of update  
     
GIM11000 Revised text in introduction to section about captive insurers  
GIM11010 Revised text to background about captive insurers with additional text about the types and history of captive insurers  
GIM11020 Revised text about captive insurers, tax havens and local organisation with additional text about offshore financial centres and cell companies  
GIM11030 Revised text about captive insurers and fronting  
GIM11040 Revised text about commercial reasons for establishing a captive insurer  
GIM11050 Revised text about captive insurers and taxation issues  
GIM11060 Revised text about possible approaches to the taxation of captive insurers  
GIM11070 Revised text about controlled foreign companies (CFCs) with additional text about lower level of tax, the excluded countries list, the exempt activities test and the motive test.  
GIM11080 Revised text about CFCs and funded accounting  
GIM11090 Revised text about CFCs, funded accounting and special tax rules  
GIM11100 Revised text about CFCs, funded accounting and returns and dividends  
GIM11110 Revised text about CFCs, funded accounting and time limits for enquiries, returns and payment of dividends where an ADP is followed (APs beginning before 1 July 2009)  
GIM11120 Revised text about CFCs, funded accounting time limits for enquiries, returns and payment of dividends where it is not established whether the non-resident company is a CFC  
GIM11130 Revised text about CFCs, funded accounting and time limits for enquiries, returns and payment of dividends where the CFC fails to pay the dividend under the acceptable distribution policy within the time limit (APs beginning before 1 July 2009)  
GIM11140 Revised text about CFCs and risk assessment  
GIM11150 Revised text about CFCs and mixed business  
GIM11160 Revised text about captive insurers and equalisation reserves  
GIM11170 Revised text about captive insurers and section 107 FA2000  
GIM11180 Revised text about captive insurers and mortgage indemnity business   
GIM11190 Revised text about captive insurers and warranties, creditor business and service agreements