Finance Act 1998
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
SCHEDULE 3 Advance corporation tax
Section 31. Section 1 of the Provisional Collection of Taxes Act 1968 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 10 of the Taxes Management Act 1970 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 87 of the Taxes Management Act 1970 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 87A of the Taxes Management Act 1970 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 94 of the Taxes Management Act 1970 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 109 of the Taxes Management Act 1970 6 (1) Section 109 of the Taxes Management Act 1970 (corporation tax on close company in connection with loans to participators etc) shall be amended as follows. (2) In subsection (3A) (interest under section 87A on so much of tax under section 419 of Taxes Act 1988 as is referable to amount of loan or advance repaid shall not be payable in respect of any period after repayment made)— (a) after “If" there shall be inserted “ (a) ”; (b) after “principal Act," there shall be inserted or (b) there is such a release or writing off of the whole or any part of the debt in respect of a loan or advance as is referred to in that subsection, ; (c) after “amount repaid" there shall be inserted “ , released or written off ”; and (d) after “the repayment was made" there shall be inserted “ or the release or writing off occurred ”. (3) This paragraph has effect in relation to the release or writing off of the whole or part of a debt on or after 6th April 1999. Section 13 of the Taxes Act 1988 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 14 of the Taxes Act 1988 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 75 of the Taxes Act 1988 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 116 of the Taxes Act 1988 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 238 of the Taxes Act 1988 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 239 of the Taxes Act 1988 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 240 of the Taxes Act 1988 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 241 of the Taxes Act 1988 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 245 of the Taxes Act 1988 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 245A of the Taxes Act 1988 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 245B of the Taxes Act 1988 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 246 of the Taxes Act 1988 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 247 of the Taxes Act 1988 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 248 of the Taxes Act 1988 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 252 of the Taxes Act 1988 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 253 of the Taxes Act 1988 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 255 of the Taxes Act 1988 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 419 of the Taxes Act 1988 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 434 of the Taxes Act 1988 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 434C of the Taxes Act 1988 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 468Q of the Taxes Act 1988 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 490 of the Taxes Act 1988 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 497 of the Taxes Act 1988 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 498 of the Taxes Act 1988 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 499 of the Taxes Act 1988 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 703 of the Taxes Act 1988 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 704 of the Taxes Act 1988 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 705 of the Taxes Act 1988 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 797 of the Taxes Act 1988 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 802 of the Taxes Act 1988 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 813 of the Taxes Act 1988 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 826 of the Taxes Act 1988 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 832 of the Taxes Act 1988 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 835 of the Taxes Act 1988 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 13 to the Taxes Act 1988 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 13A to the Taxes Act 1988 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 24 to the Taxes Act 1988 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 26 to the Taxes Act 1988 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 8 of Schedule 4 to the Finance (No. 2) Act 1997 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 9 of Schedule 4 to the Finance (No. 2) Act 1997 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 18 of Schedule 4 to the Finance (No. 2) Act 1997 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 23 of Schedule 4 to the Finance (No. 2) Act 1997 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 3 Advance corporation tax
Section 31. Section 1 of the Provisional Collection of Taxes Act 1968 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 10 of the Taxes Management Act 1970 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 87 of the Taxes Management Act 1970 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 87A of the Taxes Management Act 1970 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 94 of the Taxes Management Act 1970 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 109 of the Taxes Management Act 1970 6 (1) Section 109 of the Taxes Management Act 1970 (corporation tax on close company in connection with loans to participators etc) shall be amended as follows. (2) In subsection (3A) (interest under section 87A on so much of tax under section 419 of Taxes Act 1988 as is referable to amount of loan or advance repaid shall not be payable in respect of any period after repayment made)— (a) after “If" there shall be inserted “ (a) ”; (b) after “principal Act," there shall be inserted or (b) there is such a release or writing off of the whole or any part of the debt in respect of a loan or advance as is referred to in that subsection, ; (c) after “amount repaid" there shall be inserted “ , released or written off ”; and (d) after “the repayment was made" there shall be inserted “ or the release or writing off occurred ”. (3) This paragraph has effect in relation to the release or writing off of the whole or part of a debt on or after 6th April 1999. Section 13 of the Taxes Act 1988 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 14 of the Taxes Act 1988 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 75 of the Taxes Act 1988 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 116 of the Taxes Act 1988 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 238 of the Taxes Act 1988 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 239 of the Taxes Act 1988 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 240 of the Taxes Act 1988 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 241 of the Taxes Act 1988 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 245 of the Taxes Act 1988 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 245A of the Taxes Act 1988 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 245B of the Taxes Act 1988 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 246 of the Taxes Act 1988 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 247 of the Taxes Act 1988 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 248 of the Taxes Act 1988 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 252 of the Taxes Act 1988 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 253 of the Taxes Act 1988 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 255 of the Taxes Act 1988 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 419 of the Taxes Act 1988 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 434 of the Taxes Act 1988 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 434C of the Taxes Act 1988 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 468Q of the Taxes Act 1988 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 490 of the Taxes Act 1988 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 497 of the Taxes Act 1988 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 498 of the Taxes Act 1988 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 499 of the Taxes Act 1988 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 703 of the Taxes Act 1988 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 704 of the Taxes Act 1988 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 705 of the Taxes Act 1988 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 797 of the Taxes Act 1988 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 802 of the Taxes Act 1988 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 813 of the Taxes Act 1988 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 826 of the Taxes Act 1988 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 832 of the Taxes Act 1988 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Section 835 of the Taxes Act 1988 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 13 to the Taxes Act 1988 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 13A to the Taxes Act 1988 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 24 to the Taxes Act 1988 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Schedule 26 to the Taxes Act 1988 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 8 of Schedule 4 to the Finance (No. 2) Act 1997 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 9 of Schedule 4 to the Finance (No. 2) Act 1997 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 18 of Schedule 4 to the Finance (No. 2) Act 1997 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paragraph 23 of Schedule 4 to the Finance (No. 2) Act 1997 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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