GIM6220 - Technical provisions: periods of account beginning on or after 1 January 2000 and ending before 19 July 2007: General Insurance Reserves (Tax) Regulations: 바카라 사이트™the original provisions바카라 사이트™
Regulation 3: Rule 2: the original provisions for the earlier period of account
The 바카라 사이트˜original provisions for the earlier period of account바카라 사이트™ were defined in Rule 2. If the provisions being recalculated were for the year ended 31 December 2000, all earlier years were rolled up into this year. In any other case, the provisions in question were the provisions for liabilities which arose in that period. There needed to be a separate recalculation of the 바카라 사이트˜original provisions바카라 사이트™ of
- the period of account ending in 2000 and all earlier years,
- the period of account ending in 2001,
- the period of account ending in 2002, and so on.
The amount was subject to an election being made under FA00/S107 (4) in respect of them (GIM6390).
Rule 2 was amended in 2003 as a consequence of the abolition of the 바카라 사이트˜ten year rule바카라 사이트™ (GIM6200).