LLM0500 - Lloyd's Manual: overview of the manual
Work on the taxation of the Lloyd바카라 사이트™s insurance market is concentrated in the Large Business Service (LBS) Financial Sector in London, in the High Net Worth Unit (Shipley), in the Local Compliance Small and Medium Enterprises (SME) Team (Bradford) and in the Local Compliance Large Partnership Unit (Leeds). The Lloyd바카라 사이트™s Manual (LLM) is written primarily for HMRC officers who deal with tax issues involving Lloyd바카라 사이트™s, but it will also assist customers and their advisers.
The manual gives an overview of the Lloyd바카라 사이트™s market and the accounting and regulatory framework within which underwriting at Lloyd바카라 사이트™s is carried on, and provides guidance on the taxation of Lloyd바카라 사이트™s underwriting members.
In this manual the words 바카라 사이트˜underwriter바카라 사이트™ and 바카라 사이트˜member바카라 사이트™ are used interchangeably. For convenience, the word 바카라 사이트˜Name바카라 사이트™ is generally used with reference to individual members rather than corporate members.
Most insurance business underwritten at Lloyd바카라 사이트™s is 바카라 사이트˜general바카라 사이트™ rather than 바카라 사이트˜long term바카라 사이트™ insurance, and reference may need on occasion to be made to the HMRC General Insurance Manual (GIM1000+). Access to the General Insurance Manual and other manuals to which reference is made in the text is via LLM10000 (Links to other HMRC manuals).
Other HMRC manuals that deal with the taxation of insurance are the Life Assurance Manual (LAM), the Insurance Policyholder Taxation Manual (IPTM), and HMRC Guides and Business Briefs on Insurance Premium Tax (IPT) and VAT.
Further information on the Lloyd바카라 사이트™s insurance market is available from Lloyd바카라 사이트™s website: .
Feedback {#}
Please send any feedback on this Manual to CT&VAT(Technical) Insurance Group, Mailstation E, 3rd Floor, 100 Parliament Street, London, SW1A 2BQ.
Reports {#}
Where specialist guidance is necessary by HMRC offices, they should make reports to CT&VAT(Technical) Insurance Group - see 바카라 사이트˜Technical Help바카라 사이트™ link on left hand bar.