I can clarify that. That particular class of special purpose vehicles does not have to make returns to the FSA, which is why we need the set of rules that we will introduce through secondary legislation very soon.
Amendment agreed to.
Amendments made: No. 31, page 271, line 14, after 'period', insert"'and distributions received by the company in the accounting period from companies resident in the United Kingdom so far as ""referable (in accordance with section 432A of the Taxes Act 1988) to the company's basic life assurance and general annuity business'."
No. 32, page 272, line 8, at end insert—"'Insurance special purpose vehicles""19A In section 431A of ICTA (powers to amend), after subsection (2) insert—"
Finance Bill
Proceeding contribution from
Kitty Ussher
(Labour)
in the House of Commons on Wednesday, 2 July 2008.
It occurred during Debate on bills on Finance Bill.
Type
Proceeding contribution
Reference
478 c983-4 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-16 00:46:41 +0000
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