»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýappre is a spreadsheet (‘the Lloyd’s calculatorâ€�) in the ‘Toolsâ€� section of the HMRC website () to help identify the proportion of the RITC premium that is treated as a ’technical provisionâ€�. »Ê¹ÚÌåÓýappre is also a guidance note: ‘Using the Lloyd’s Calculatorâ€�.

»Ê¹ÚÌåÓýapp calculator requires the user to enter

• the amount of a member’s participation in each year of account
• the amount of the syndicate’s RITC broken down into the underwriting years for which they are paid, and
• the amount of the syndicate’s claims paid in each year broken down into the underwriting years for which they are paid.