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Contents

Legislation
Finance Act 1994

Crossheading Miscellaneous

  • Section 62 Partnership, bankruptcy, transfer of business, etc.
  • Section 63 Groups of companies.
  • Section 64 Information, powers, penalties, etc.
  • Section 65 Liability of insured in certain cases.
  • Section 66 Directions as to amounts of premiums.
  • Section 66A Rate increases: deemed date of receipt of certain premiums
  • Section 66B Section 66A: exceptions and apportionments
  • Section 66C Rate changes: premiums relating to more than one period of cover
  • Section 67 Deemed date of receipt of certain premiums.
  • Section 67A Announced increase in rate of tax: certain premiums treated as received on date of increase.
  • Section 67B Announced increase in rate of tax: certain contracts treated as made on date of increase.
  • Section 67C Announced increase in rate of tax: exceptions and apportionments.
  • Section 68 Special accounting schemes.
  • Section 69 Charge to tax where different rates of tax apply.
  • Section 69A Part-exempt contracts: excepted premiums
  • Section 69B Treatment of excepted premiums where limits breached after receipt
  • Section 69C Part-exempt contracts: exemption from requirement to make returns
  • Section 69D Withdrawal of exemption
  1. Miscellaneous
  2. Section 66A: exceptions and apportionments

Section 66B | Section 66A: exceptions and apportionments F1

From legislation.gov.uk

(1)Section 66A(3) and (4) do not apply in relation to a premium if the risk to which that premium relates belongs to a class of risk as regards which the normal practice is for a premium to be received by or on behalf of the insurer before the date when cover begins.F1

(2)Section 66A(5) and (6) do not apply in relation to a premium if the risk to which that premium relates belongs to a class of risk as regards which the normal practice is for cover to be provided for a period of more than twelve months.F1

(3)If a contract relates to more than one risk, then in the application of section 66A(3) and (4) or 66A(5) and (6)—F1

(a)the reference in section 66A(3)(b) or (5)(b) to the risk is to be read as a reference to any given risk,F1

(b)so much of the premium as is attributable to any given risk is to be taken for the purposes of section 66A(3) and (4) or 66A(5) and (6) to be a separate premium relating to that risk,F1

(c)those provisions then apply separately in the case of each given risk and the separate premium relating to it, andF1

(d)any further attribution required by section 66A(5) and (6) is to be made accordingly,F1

and subsections (1) and (2) and section 66A(9) apply accordingly.

(4)Any attribution under this section is to be made on such basis as is just and reasonable.F1

Notes

  1. F1

    Ss. 66A-66C inserted (with effect in accordance with s. 18(4) of the amending Act) by Finance Act 2017 (c. 10), s. 18(2)

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