Budget 2005: Lloyd's regulation amendment announced
The Chancellor today announced an ammendment to the powers for making regulations relating to Lloyd’s. The measure will aply to regulations made after the passing of the 2005 Finance Bill.
Currently Lloyd’s underwriters are taxed according to their share of the profit or losses of syndicates of which they are members. In order to facilitate the assessment and collection of tax fromOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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