Examples of FA 1994 in a sentence
This section is to be read with section 66C of FA 1994 (premiums relating to more than one period of cover).
That amendment does not have effect in relation to a premium falling within subsection (4), unless the premium falls to be regarded for the purposes of Part 3 of FA 1994 as received under a taxable insurance contract by an insurer on or after 1 June 2018.
In the application of sections 66A and 66B of FA 1994 (anti-forestalling provision) in relation to the increase in insurance premium tax made by this section, the announcement relating to that increase is to be taken to have been made on 8 March 2017 (and “the change date” is to be taken to be 1 June 2017).
Chapter 4 of Part 1 of FA 1994 (air passenger duty) is amended as follows.
These signs are, in a way, timely warnings for us, which might be helpful in that they put to test our ability to respond and adjust.A basic understanding behind our managerial culture is that nobody can accurately forecast the future and human beings always make mistakes.
The draft contained changes to the Taxes Management Act 1970 as the model for changes to direct tax provisions and changes to FA 1994 and VATA 1994 as the model for indirect tax changes.
Schedule C10.0, Reserve Assistance shall be developed by the Interconnection Operators Committee to give effect to the Operating Reserve Agreement.
The difference in approach (which prevents any manipulation of periods of account directed at side-stepping the restriction) arises from the fact that losses used to be calculated for actual tax years, but following the move to a current year basis of assessment (in FA 1994) the calculation of losses for the main loss relief provisions was changed to mirror the calculation of profits.
The amendment made by subsection (1) has effect in relation to a premium falling to be regarded for the purposes of Part 3 of FA 1994 as received under a taxable insurance contract by an insurer on or after 1 November 2015.
Section 24 of FA 1994 (power to enter premises and inspect goods) is amendedas follows.