Lloyds underwriters

This screen is accessed via the Data Input tab within the tax return.

Lloyd’s interest receipts etc for year ended 31 December [year]

  • Interest on gilts and bank interest etc. paid gross

  • Taxed interest from banks etc. – amount received, Tax deducted, Total

  • Unit trust interest – amount received, Tax deducted, Total

Accrued Income scheme & losses on deeply discounted securities

  • Accrued income scheme profits

  • Accrued income scheme losses & loss on deeply discounted securities

UK dividends etc received in year ended 31 December [year]

  • ‘Dividends & distributions from UK companies’

  • ‘Dividends from UK unit trusts and OEICs’

Stock dividends and non-qualifying distributions received in year ended 31 December [year]

  • Stock dividends

  • Bonus issues of securities and redeemable shares

Foreign income from personal fund assets in year ended 31 December [year]

  • Foreign interest – net income, Foreign tax deducted, UK tax deducted

  • Other foreign receipts – net income, Foreign tax deducted, UK tax deducted

  • Foreign dividends – net income, Foreign tax deducted, UK tax deducted

Other Lloyd’s receipts

  • Compensation receipts

  • Other Lloyd’s non-syndicate income

  • Aggregate syndicate profit

  • Net withdrawal from Special Reserve Fund

  • Stop loss recoveries

  • Repayments of foreign tax previously allowed by deduction

Outgoings and syndicate losses

  • Fees for bank guarantees/letters of credit

  • Aggregate syndicate losses

  • Lloyd’s members’ association expenses

  • Personal Quota Share and Exeat premiums

  • Interest on loans and payments to fund underwriting

  • Net transfer to Special Reserve Fund

  • Members’ agent profit commission and salaries

  • Accountancy fees

  • Other Lloyd’s expenses

Lloyd’s foreign tax

  • Foreign tax on personal fund income

  • US income tax paid

  • Canadian income tax paid

  • Syndicate foreign tax

  • Additional payments of foreign tax

  • Refunds of foreign tax for which tax credit relief was given

  • Claim foreign tax credit relief?

Profit/(Loss)

  • Net profit

  • Loss b/fwd

  • Loss b’/fwd used this year

  • Foreign tax claimed by deduction

  • Taxable profits