The Co-ownership Contractual Schemes (Tax) Regulations 2025
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
34 Preparation of accounts
The accounts of a RIF for an accounting period must be— (a) prepared in accordance with the Investment Association’s Statement of Recommended Practice for the Financial Statements of Authorised Funds published in May 2014, as amended from time to time (or any successor statement of recommended practice), or its principles so far as they relate to determining revenue and capital, and (b) audited as being so prepared by a person who— (i) is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006 (statutory auditors), and (ii) if appointed as a statutory auditor, would not be prohibited from acting by section 1214 of that Act (independence requirement).
34 Preparation of accounts
The accounts of a RIF for an accounting period must be— (a) prepared in accordance with the Investment Association’s Statement of Recommended Practice for the Financial Statements of Authorised Funds published in May 2014, as amended from time to time (or any successor statement of recommended practice), or its principles so far as they relate to determining revenue and capital, and (b) audited as being so prepared by a person who— (i) is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006 (statutory auditors), and (ii) if appointed as a statutory auditor, would not be prohibited from acting by section 1214 of that Act (independence requirement).
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.