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
As published
38 Corporate interest restriction: minor amendments
(1) Part 10 of TIOPA 2010 (corporate interest restriction) is amended as follows.
(2) In section 452 (Real Estate Investment Trusts), after subsection (2) insert—
(2A) In applying subsection (2) and giving effect to the remainder of this section, the company is treated, at all times in the accounting period, as carrying on a residual business within the charge to corporation tax (and, accordingly, amounts falling to be brought into account in the accounting period as a result of this section are within the charge to corporation tax).
(3) The amendment made by subsection (2) is treated as having come into force on 21 July 2020.
(4) In Schedule 7A (interest restriction returns), after paragraph 29 insert—
29A (1) Liability to a penalty under paragraph 29 does not arise if the company has a reasonable excuse for failing to submit the return by the filing date.
(2) If the company has a reasonable excuse for the failure but the excuse has ceased, the company is to be treated as having continued to have the excuse if the return is submitted without unreasonable delay after the excuse ceased.
(5) That Schedule has effect, and is to be deemed always to have had effect, with the amendment made by subsection (4).
Your change, as a redline
38 Corporate interest restriction: minor amendments
(1) Part 10 of TIOPA 2010 (corporate interest restriction) is amended as follows.
(2) In section 452 (Real Estate Investment Trusts), after subsection (2) insert—
(2A) In applying subsection (2) and giving effect to the remainder of this section, the company is treated, at all times in the accounting period, as carrying on a residual business within the charge to corporation tax (and, accordingly, amounts falling to be brought into account in the accounting period as a result of this section are within the charge to corporation tax).
(3) The amendment made by subsection (2) is treated as having come into force on 21 July 2020.
(4) In Schedule 7A (interest restriction returns), after paragraph 29 insert—
29A (1) Liability to a penalty under paragraph 29 does not arise if the company has a reasonable excuse for failing to submit the return by the filing date.
(2) If the company has a reasonable excuse for the failure but the excuse has ceased, the company is to be treated as having continued to have the excuse if the return is submitted without unreasonable delay after the excuse ceased.
(5) That Schedule has effect, and is to be deemed always to have had effect, with the amendment made by subsection (4).
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.
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.