»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp paragraphs below explain the ‘unearned premium provisionâ€� (UPP) and the ‘unexpired risks provisionâ€� (URP). Strictly, the unearned premium provision is a deferred income item rather than a true provision. Remember that the most significant items within technical provisions are the provisions against claims outstanding and claims incurred but not yet reported - see GIM2170 for general accounting background. »Ê¹ÚÌåÓýappy also give guidance on the tax treatment of technical provisions according to established principles.

See GIM6145 to GIM6440 regarding the special rules of FA00/S107 which applied for periods from 1 January 2000 and periods ending before 19 July 2007, and GIM6500+ for the rules which (broadly) apply for periods from 1 January 2009.