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The Finance Act 2021 (Income Tax and Capital Gains Tax) (Penalties) (Appointed Day: Eligible Volunteers) Regulations 2024

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

What to do with it
As published

2 Appointed Day

(1) 6th April 2024 is the day appointed for the coming into force of Schedules 24, 25 and 27 to the Finance Act 2021 (penalties for failure to make returns or deliberately withholding information and consequential amendments) for the purposes of failures by eligible volunteers in relation to returns which— (a) are required to be made in respect of persons other than trustees or partnerships in relation to the tax year 2024-25 or any subsequent tax year, and (b) fall within— (i) item 1 of the Table in paragraph 2 of Schedule 24, or (ii) item 1 of the Table in paragraph 1 of Schedule 25. (2) 6th April 2024 is the day appointed for the coming into force of Schedules 26 and 27 to the Finance Act 2021 (penalties for failure to pay tax and consequential amendments) for the purposes of failures by eligible volunteers in relation to payments of the tax due on or before the specified date which— (a) are payable in respect of persons other than trustees or partnerships in relation to the tax year 2024-25 or any subsequent tax year, and (b) fall within the table relating to income tax or capital gains tax in paragraph 1 of Schedule 26.

Your change, as a redline

2 Appointed Day

(1) 6th April 2024 is the day appointed for the coming into force of Schedules 24, 25 and 27 to the Finance Act 2021 (penalties for failure to make returns or deliberately withholding information and consequential amendments) for the purposes of failures by eligible volunteers in relation to returns which— (a) are required to be made in respect of persons other than trustees or partnerships in relation to the tax year 2024-25 or any subsequent tax year, and (b) fall within— (i) item 1 of the Table in paragraph 2 of Schedule 24, or (ii) item 1 of the Table in paragraph 1 of Schedule 25. (2) 6th April 2024 is the day appointed for the coming into force of Schedules 26 and 27 to the Finance Act 2021 (penalties for failure to pay tax and consequential amendments) for the purposes of failures by eligible volunteers in relation to payments of the tax due on or before the specified date which— (a) are payable in respect of persons other than trustees or partnerships in relation to the tax year 2024-25 or any subsequent tax year, and (b) fall within the table relating to income tax or capital gains tax in paragraph 1 of Schedule 26.

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.

How this law is officially changed

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Think it through

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Questions to start with
Think it through
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