The familiar CT600 is used as the tax return of the company, although the potentially large number of applicable rates and types of loss (e.g. LATP, GRB, excess expenses) means that completion is somewhat more laborious.

In contrast to other companies, the statutory accounts are of limited significance for a life company, and are relevant mainly in the context of PHI business, although information in the accounts may give an indication as to the appropriate tax treatment of specific items. Instead of using the accounts, the FSA return provides the basis for the LATP computation (see Inland Revenue Statement of Practice, SP 4/95: see ¶781-245).

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