GIM6145 - Technical provisions: periods of account beginning on or after 1 January 2000 and ending before 19 July 2007: section 107 FA2000

This section of the Chapter on technical provisions gives guidance on the tax treatment of technical provisions under FA00/S107, namely for accounting periods beginning on or after 1 January 2000 and ending before 19 July 2007.

There is a short transitional provision relating to FA00/S107 (4) described at GIM6180.

1. GIM6150

   Section 107 FA2000: background (including commencement date and date of repeal)
2. GIM6160

   Section 107 FA2000: definitions
3. GIM6170

   Section 107 FA2000: excesses and deficiencies
4. GIM6180

   Section 107 FA2000: disclaimers
5. GIM6190

   The General Insurance Reserves (Tax) Regulations: background
6. GIM6200

   General Insurance Reserves (Tax) Regulations: overview of the calculation
7. GIM6210

   General Insurance Reserves (Tax) Regulations: summary of regulation 3
8. GIM6220

   General Insurance Reserves (Tax) Regulations: 'the original provisions'
9. GIM6230

   General Insurance Reserves (Tax) Regulations: 'the cost of settling liabilities'
10. GIM6240

    General Insurance Reserves (Tax) Regulations: connected companies, reinsurance and novation
11. GIM6250

    General Insurance Reserves (Tax) Regulations: discounting
12. GIM6260

    General Insurance Reserves (Tax) Regulations: margin for error
13. GIM6270

    General Insurance Reserves (Tax) Regulations: the cumulative excess or deficiency
14. GIM6280

    General Insurance Reserves (Tax) Regulations: intervening periods
15. GIM6290

    General Insurance Reserves (Tax) Regulations: adjustments where there was a deficiency and a section 107(4) election had been made
16. GIM6300

    General Insurance Reserves (Tax) Regulations: adjustments where there was a deficiency and a section 107(4) election had been made: example
17. GIM6310

    General Insurance Reserves (Tax) Regulations: interest rate
18. GIM6320

    General Insurance Reserves (Tax) Regulations: Unearned Premium Provision and Unexpired Risks Provision
19. GIM6330

    General Insurance Reserves (Tax) Regulations: an example of a calculation
20. GIM6340

    General Insurance Reserves (Tax) Regulations: transfers of business
21. GIM6350

    General Insurance Reserves (Tax) Regulations: currency accounting: periods ending before 5 December 2003
22. GIM6360

    General Insurance Reserves (Tax) Regulations: currency accounting: periods beginning on or after 5 December 2003
23. GIM6370

    General Insurance Reserves (Tax) Regulations: currency accounting: amendments to FA 1993 rules made in Finance Act 2004
24. GIM6380

    General Insurance Reserves (Tax) Regulations: insolvent companies
25. GIM6390

    General Insurance Reserves (Tax) Regulations: disclaimers
26. GIM6400

    General Insurance Reserves (Tax) Regulations: disclaimers: example
27. GIM6410

    General Insurance Reserves (Tax) Regulations: apportionments
28. GIM6420

    General Insurance Reserves (Tax) Regulations: companies new to the Regulations
29. GIM6430

    General Insurance Reserves (Tax) Regulations: funded accounting
30. GIM6440

    General Insurance Reserves (Tax) Regulations: funded accounting: example