Finance Act, 1993
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Amendment of section 92 (levy on certain premiums of insurance) of Finance Act, 1982. |
103.—(1) Subject to subsection (2), section 92 of the Finance Act, 1982 , is hereby amended as respects so much of the assessable amount as is comprised of premiums received in respect of offers of insurance or notices of renewal of insurance issued by an insurer on or after the 25th day of February, 1993, by the substitution in subsection (3) of “two per cent.” for “one per cent.”. | |
(2) This section shall apply to so much of the assessable amount as is comprised of premiums received on or after the 1st day of May, 1993, without regard to the date of such offer or notice. |