Finance (No. 2) Act 2023
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
123 Charge to multinational top-up tax
(1) A person chargeable to tax as, or in respect of, a member of a multinational group (“the relevant member”) is charged multinational top-up tax for an accounting period if one or more members of the group have top-up amounts or additional top-up amounts for that period and— (a) the relevant member is a responsible member for one or more of those members (see section 128), or (b) one or more of those members have untaxed amounts that are allocated to the relevant member (see Chapter 9A). (2) The amount charged is the sum of the following— (a) where subsection (1)(a) applies— (i) top-up amounts attributed to the relevant member in accordance with Chapter 7, and (ii) additional top-up amounts attributed to the relevant member in accordance with that Chapter, and (b) where subsection (1)(b) applies, the untaxed amounts allocated to the relevant member in accordance with Chapter 9A. (3) The amount charged (which in accordance with section 254 will be expressed in the CFS currency) is to be converted to sterling using the average exchange rate for the accounting period (if the CFS currency is not sterling).
123 Charge to multinational top-up tax
(1) A person chargeable to tax as, or in respect of, a member of a multinational group (“the relevant member”) is charged multinational top-up tax for an accounting period if one or more members of the group have top-up amounts or additional top-up amounts for that period and— (a) the relevant member is a responsible member for one or more of those members (see section 128), or (b) one or more of those members have untaxed amounts that are allocated to the relevant member (see Chapter 9A). (2) The amount charged is the sum of the following— (a) where subsection (1)(a) applies— (i) top-up amounts attributed to the relevant member in accordance with Chapter 7, and (ii) additional top-up amounts attributed to the relevant member in accordance with that Chapter, and (b) where subsection (1)(b) applies, the untaxed amounts allocated to the relevant member in accordance with Chapter 9A. (3) The amount charged (which in accordance with section 254 will be expressed in the CFS currency) is to be converted to sterling using the average exchange rate for the accounting period (if the CFS currency is not sterling).
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.