Taxes Management Act 1970 section 11AD

Modifications of sections 11AA and 11AB for insurance companies with non-annual actuarial investigations

Section 11AD modified the rules on corporation tax return periods and related provisions for insurance companies whose actuarial investigations did not take place annually.

• This section applied specifically to insurance companies that carried out actuarial investigations less frequently than once a year.
• It adjusted the standard rules in sections 11AA and 11AB of the Taxes Management Act 1970 to accommodate the longer intervals between actuarial valuations.
• The modifications ensured that the tax return framework aligned with the actual reporting cycle of these insurance companies, rather than imposing a strict annual timetable.
• This section was repealed by the Finance Act 1998 as part of broader reforms to corporation tax self-assessment, which replaced the previous return regime.

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