LLMUPDATE070615 - Lloyds Manual: recent changes
Below are details of the amendments that were published on 15 June 2007 (see the update index for all updates)
| Section | Details of update |
|---|---|
| LLM2170 | Syndicate accounts: taxation: transfer pricing \n \nIncludes details of a memorandum agreed between HMRC and Lloyd’s about the practical application of the new UK to UK transfer pricing legislation in the Lloyd’s Market |
| LLM4020 | Corporate members: accounts: introduction \n \nMakes clear that the 2005 Statement of Recommended Accountacy Practice issued by the Association of British Insurers is now final so that from 1 January 2005 Lloyd’s main financial reporting regime moved from three-year funded accounting to annual accounting and Lloyd’s corporate members all use the annual basis from that date |
| LLM7100 | Double taxation relief: corporate members: Regulations: outline \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7110 | Double Taxation Relief: corporate members: Regulations: calculating the foreign tax pool: ”correspondence” between accounting periods and foreign periods of accounting \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7120 | Double Taxation Relief: corporate members: Regulations: calculating the foreign tax pool: adjustments of foreign amounts of tax \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7130 | Double Taxation Relief: corporate members: Regulations: calculating the foreign tax pool: the amount of the pool \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7140 | Double Taxation Relief: corporate members: Regulations: calculating the foreign tax pool: foreign tax adjustments \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7150 | Double Taxation Relief: corporate members: Regulations: calculating the foreign tax pool: transitional arrangements \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7160 | Double Taxation Relief: corporate members: Regulations: how relief is given \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7170 | Double Taxation Relief: corporate members: Regulations: foreign measure of profit \n \nOne of nine new pages about double taxation relief for corporate members |
| LLM7180 | Double Taxation Relief: corporate members: pre-pooling rules \n \nOne of nine new pages about double taxation relief for corporate members |
| Glossary | Definition of takaful has been added |