Insurance companies: basis of taxation etc.

Amendments made: No. 127, in schedule 8, page 140, line 10, leave out ‘85A(3)(a)’ and insert ‘85A(3)(b)’.

No. 128, in schedule 8, page 140, line 17, leave out ‘85A(3)(a)’ and insert ‘85A(3)(b)’.

No. 88, in schedule 8, page 144, line 39, leave out from beginning to ‘charged’ in line 41 and insert

‘the profits of the life assurance business of the company for the preceding accounting period were’.—[Ed Balls.]

Schedule 8, as amended, agreed to.

Clause 39 ordered to stand part of the Bill.