The draft Life Insurance Qualifying Policies (Statutory Declaration and Reporting Requirements) Regulations 2013 set out the information policyholders need to include in statutory declarations to the issuers of their qualifying life insurance policies and provide for insurers to make annual reports of this information to HMRC from 6 April 2013. These requirements, introduced by Finance Bill 2013, enable compliance with the new annual premium limit of £3,600 which will apply to qualifying policies from 6 April 2013. Comments on the draft regulations and appointed date order are invited by 28 February 2013.
The draft Life Insurance Qualifying Policies (Statutory Declaration and Reporting Requirements) Regulations 2013 set out the information policyholders need to include in statutory declarations to the issuers of their qualifying life insurance policies and provide for insurers to make annual reports of this information to HMRC from 6 April 2013. These requirements, introduced by Finance Bill 2013, enable compliance with the new annual premium limit of £3,600 which will apply to qualifying policies from 6 April 2013. Comments on the draft regulations and appointed date order are invited by 28 February 2013.
