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Email On 23 March 2011, the Chancellor of the Exchequer announced a number of measures that will both directly and indirectly affect the UK tax treatment of insurers. While the UK insurance sector will likely welcome the reduction in April 2011 of the main rate of corporation tax, there are a number of sector-specific areas in which further changes have been announced. https://www.cadwalader.com/resources/clients-friends-memos/the-uk-budget-2011-spotlight-on-insurance