Finance Act 1993
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
132 Modifications where loss carried forward.
(1) This section applies where section 131(12) above treats a company as incurring a loss in an accounting period by virtue of section 129 above. (2) In this section references to amount C are to so much of amount B as the company is treated as incurring in the accounting period otherwise than by virtue of section 131(12). (3) Where section 131 above applies by virtue of section 131(1) and this section applies, then, as regards the accounting period— (a) if amount C is nil section 131(3) to (6) shall not apply; (b) if amount C exceeds nil the references to the relievable amount in section 131(3) to (7), (13) and (14) shall be construed as references to so much of that amount as equals amount C. (4) Where section 131 above applies by virtue of section 131(2) and this section applies, then, as regards the accounting period— (a) if amount C does not exceed amount A section 131(3) to (6) shall not apply; (b) if amount C exceeds amount A the references to the relievable amount in section 131(3) to (7), (13) and (14) shall be construed as references to so much of that amount as equals amount C minus amount A.
132 Modifications where loss carried forward.
(1) This section applies where section 131(12) above treats a company as incurring a loss in an accounting period by virtue of section 129 above. (2) In this section references to amount C are to so much of amount B as the company is treated as incurring in the accounting period otherwise than by virtue of section 131(12). (3) Where section 131 above applies by virtue of section 131(1) and this section applies, then, as regards the accounting period— (a) if amount C is nil section 131(3) to (6) shall not apply; (b) if amount C exceeds nil the references to the relievable amount in section 131(3) to (7), (13) and (14) shall be construed as references to so much of that amount as equals amount C. (4) Where section 131 above applies by virtue of section 131(2) and this section applies, then, as regards the accounting period— (a) if amount C does not exceed amount A section 131(3) to (6) shall not apply; (b) if amount C exceeds amount A the references to the relievable amount in section 131(3) to (7), (13) and (14) shall be construed as references to so much of that amount as equals amount C minus amount A.
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.