Finance Act 2022
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
55 UK revenue: amount
(1) A person’s UK revenue— (a) is in band A for a financial year if the person’s UK revenue for the relevant accounting period is more than £10.2 million but not more than £36 million; (b) is in band B for a financial year if the person’s UK revenue for the relevant accounting period is more than £36 million but not more than £500 million; (ba) is in band C for a financial year if the person’s UK revenue for the relevant accounting period is more than £500 million but not more than £1 billion; (c) is in band D for a financial year if the person’s UK revenue for the relevant accounting period is more than £1 billion. (2) To determine the “relevant accounting period”, see section 56. (3) The sums in subsection (1) are to be proportionately adjusted if the relevant accounting period of the person is a period other than 12 months.
55 UK revenue: amount
(1) A person’s UK revenue— (a) is in band A for a financial year if the person’s UK revenue for the relevant accounting period is more than £10.2 million but not more than £36 million; (b) is in band B for a financial year if the person’s UK revenue for the relevant accounting period is more than £36 million but not more than £500 million; (ba) is in band C for a financial year if the person’s UK revenue for the relevant accounting period is more than £500 million but not more than £1 billion; (c) is in band D for a financial year if the person’s UK revenue for the relevant accounting period is more than £1 billion. (2) To determine the “relevant accounting period”, see section 56. (3) The sums in subsection (1) are to be proportionately adjusted if the relevant accounting period of the person is a period other than 12 months.
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