[66C Rate changes: premiums relating to more than one period of cover]
Finance Act 1994 (1994 c 9) | Legislation

[66C  Rate changes: premiums relating to more than one period of cover]

[(1)     This section applies if any Act—

(a)     makes an amendment of section 51(2)(a) or (b) which alters the higher rate or standard rate (“the relevant rate”),

(b)     provides for the amendment to have effect in relation to a premium falling to be regarded for the purposes of this Part as received under a taxable insurance contract by an insurer on or after a particular date (“the change date”), and

(c)     makes provision that excepts from that amendment a premium which is in respect of a risk for which the period of cover begins before the change date.

(2)     Subsection (3) applies

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