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The Companies (Accounts and Reports) (Amendment and Transitional Provision) 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

9 Chapter 1 of Part 15 (accounts and reports: introduction)

(1) In section 382(3) (companies qualifying as small: general), in the second column of the table— (a) for “Not more than £10.2 million” substitute “Not more than £15 million”; (b) for “Not more than £5.1 million” substitute “Not more than £7.5 million”. (2) In section 383(4) (companies qualifying as small: parent companies), in the second column of the table— (a) for “Not more than £10.2 million net (or £12.2 million gross)” substitute “Not more than £15 million net (or £18 million gross)”; (b) for “Not more than £5.1 million net (or £6.1 million gross)” substitute “Not more than £7.5 million net (or £9 million gross)”. (3) In section 384A(4) (companies qualifying as micro-entities), in the second column of the table— (a) for “Not more than £632,000” substitute “Not more than £1 million”; (b) for “Not more than £316,000” substitute “Not more than £500,000”.

Your change, as a redline

9 Chapter 1 of Part 15 (accounts and reports: introduction)

(1) In section 382(3) (companies qualifying as small: general), in the second column of the table— (a) for “Not more than £10.2 million” substitute “Not more than £15 million”; (b) for “Not more than £5.1 million” substitute “Not more than £7.5 million”. (2) In section 383(4) (companies qualifying as small: parent companies), in the second column of the table— (a) for “Not more than £10.2 million net (or £12.2 million gross)” substitute “Not more than £15 million net (or £18 million gross)”; (b) for “Not more than £5.1 million net (or £6.1 million gross)” substitute “Not more than £7.5 million net (or £9 million gross)”. (3) In section 384A(4) (companies qualifying as micro-entities), in the second column of the table— (a) for “Not more than £632,000” substitute “Not more than £1 million”; (b) for “Not more than £316,000” substitute “Not more than £500,000”.

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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