125  [Omitted by F(No. 2)A 2010, s. 4(4).]

History

S. 125 omitted by F(No. 2)A 2010, s. 4(4), with effect in relation to a premium falling to be regarded for the purposes of FA 1994, Pt. 3 as received under a taxable insurance contract by an insurer on or after 4 January 2011. Former s. 125 read as follows:

“Rate of insurance premium tax

125(1)  [Amends FA 1994, s. 51(2)(b).]

125(2)  Subsection (1) above has effect in relation to a premium which falls to be regarded for the purposes of Part III of the Finance Act 1994 (insurance premium tax) as received under a taxable insurance contract by an insurer on or after 1st July 1999.

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