[66A Rate increases: deemed date of receipt of certain premiums]
Finance Act 1994 (1994 c 9) | Legislation

[66A  Rate increases: deemed date of receipt of certain premiums]

[(1)     This section applies where a Minister of the Crown announces a proposed increase in the rate at which tax is to be charged on a premium if it is received by the insurer on or after a date specified in the announcement (“the change date”).

(2)     This section applies whether or not the announcement includes an announcement of a proposed exception from the increase (for example, for premiums in respect of risks for which the period of cover begins before the change date).

(3)     Subsection (4) applies where—

(a)     a premium under a contract of insurance is received by the insurer on or after the date of

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