Finance (No. 2) Act 1992
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
53 Car fuel: cash equivalents.
(1) Section 158 of the Taxes Act 1988 (car fuel) shall be amended as follows. (2) For subsection (2) (cash equivalents) there shall be substituted— (2) Subject to the provisions of this section, the cash equivalent of that benefit shall be ascertained from— (a) Table A below where the car has an internal combustion engine with one or more reciprocating pistons and is not a diesel car; (b) Table AB below where the car has an internal combustion engine with one or more reciprocating pistons and is a diesel car; (c) Table B below where the car does not have an internal combustion engine with one or more reciprocating pistons. TABLE A Cylinder capacity of car in cubic centimetres | Cash equivalent 1,400 or less | £500 More than 1,400 but not more than 2,000 | £630 More than 2,000 | £940 TABLE AB Cylinder capacity of car in cubic centimetres | Cash equivalent 2,000 or less | £460 More than 2,000 | £590 TABLE B Original market value of car | Cash equivalent Less than £6,000 | £500 £6,000 or more but less than £8,500 | £630 £8,500 or more | £940 (2A) For the purposes of subsection (2) above a diesel car is a car which uses heavy oil as fuel; and “heavy oil” here means heavy oil as defined by section 1(4) of the Hydrocarbon Oil Duties Act 1979. (2B) For the purposes of Tables A and AB in subsection (2) above a car’s cylinder capacity is the capacity of its engine calculated as for the purposes of the Vehicles (Excise) Act 1971. (3) In subsection (4) (Treasury orders) for “either" there shall be substituted “ any ”. (4) This section shall have effect for the year 1992-93 and subsequent years of assessment.
53 Car fuel: cash equivalents.
(1) Section 158 of the Taxes Act 1988 (car fuel) shall be amended as follows. (2) For subsection (2) (cash equivalents) there shall be substituted— (2) Subject to the provisions of this section, the cash equivalent of that benefit shall be ascertained from— (a) Table A below where the car has an internal combustion engine with one or more reciprocating pistons and is not a diesel car; (b) Table AB below where the car has an internal combustion engine with one or more reciprocating pistons and is a diesel car; (c) Table B below where the car does not have an internal combustion engine with one or more reciprocating pistons. TABLE A Cylinder capacity of car in cubic centimetres | Cash equivalent 1,400 or less | £500 More than 1,400 but not more than 2,000 | £630 More than 2,000 | £940 TABLE AB Cylinder capacity of car in cubic centimetres | Cash equivalent 2,000 or less | £460 More than 2,000 | £590 TABLE B Original market value of car | Cash equivalent Less than £6,000 | £500 £6,000 or more but less than £8,500 | £630 £8,500 or more | £940 (2A) For the purposes of subsection (2) above a diesel car is a car which uses heavy oil as fuel; and “heavy oil” here means heavy oil as defined by section 1(4) of the Hydrocarbon Oil Duties Act 1979. (2B) For the purposes of Tables A and AB in subsection (2) above a car’s cylinder capacity is the capacity of its engine calculated as for the purposes of the Vehicles (Excise) Act 1971. (3) In subsection (4) (Treasury orders) for “either" there shall be substituted “ any ”. (4) This section shall have effect for the year 1992-93 and subsequent years of assessment.
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.