HMRC may make regulations prescribing the procedures to be used to give effect to a claim for partial exemption and prescribing tables of mortality to be used in calculating the exempt proportion and the exempt sum (see E1.430A, E1.430B). The regulations may apply any of the provisions of the Income Tax Acts, with or without modification1.
The current regulations apply to any annuity under which the first payment to the annuitant is made on or after 6 April 20082.
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