Section 229 | Regulations.

(1)The Board may by regulations provide—^F1

(a)for the assessment and collection of tax charged in accordance with section 219 above ...;^F2

(b)for making, in the event of any changes in the rules or practice of Lloyd’s, such amendments of this Chapter as appear to the Board to be expedient having regard to those changes;

(c)for modifying the application of this Chapter in cases where a syndicate continues after the end of its closing year or a corporate member becomes insolvent or otherwise ceases to carry on its underwriting business;

(ca)for modifying the application of this Chapter in relation to cases where assets forming part of a premium trust fund are the subject of—^F3F4

(i)Repealed^F5F3

(ii)arrangements involving repos (within the meaning given by section 554(4) of the Corporation Tax Act 2009); or^F3F6F7

(iii)arrangements meeting the conditions in section 554(2) of that Act (redemption arrangements);^F3F6F7

(d)for giving credit for foreign tax.^F3F6

(2)Any power to make regulations conferred by this section includes power to make—^F3F6F8

(a)different provision for different cases or different purposes, and^F3F6F8

(b)incidental, supplemental or transitional provision and savings.^F3F6F8