Finance Act, 1983

Amendment of section 92 (levy on certain premiums of insurance) of Finance Act, 1982.

93.—(1) Section 92 of the Finance Act, 1982 is hereby amended—

(a) by the insertion in the definition of “assessable amount”, after “premiums”, of “(including, in the case of an insurer who is a leading insurer (within the meaning of the European Communities (Co-insurance) Regulations, 1983 (S.I. No. 65 of 1983)), the amount received by way of overall premiums (within the meaning aforesaid))”, and

(b) by the insertion in the definition of “excluded amount”, after “namely,” in paragraph (b), of “4,”.

(2) This section shall have effect in relation to amounts received on or after the date of the passing of this Act.