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
As published
SCHEDULE 27 Group relief in case of non-resident companies etc.
Section 97.
Part I Amendments of Chapter IV of Part X of the Taxes Act 1988
Availability of relief
1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Limits on amount of relief
3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amendments of Schedule 18 to the Taxes Act 1988
5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commencement
6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II Consequential amendments
Section 76 of the Taxes Act 1988
7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 434A of the Taxes Act 1988
8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 502 of the Taxes Act 1988
9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule 24 to the Taxes Act 1988
10 In Schedule 24 to the Taxes Act 1988 (assumptions for calculating chargeable profits etc. of foreign companies), make paragraph 5 sub-paragraph (1) of that paragraph; and after that sub-paragraph insert—
(2) Where, under Chapter IV of Part X, any relief is in fact surrendered by the company and allowed to another company by way of group relief, it shall be assumed that the chargeable profits of the company, apart from this paragraph, are to be increased by an amount of additional profits equal to the amount of the relief so surrendered and allowed.
.
Schedule 18 to the Finance Act 1998
11 In paragraph 68 of Schedule 18 to the Finance Act 1998 (contents of claim for group relief), after sub-paragraph (2) insert—
(3) A claim for group relief must also state whether or not there is a company mentioned in sub-paragraph (4) that was not resident in the United Kingdom in either or both of the following periods—
(a) the accounting period of the surrendering company to which the surrender relates,
(b) the corresponding accounting period of the claimant company.
(4) Those companies are the claimant company, the surrendering company and any other company by reference to which—
(a) the claimant company and the surrendering company are members of the same group, or
(b) the conditions specified in section 402(3) of the Taxes Act 1988 for the making of the claim are satisfied in the case of the claimant company and the surrendering company.
.
Commencement
12 (1) Paragraphs 7, 8, 10 and 11 have effect in relation to accounting periods ending on or after 1st April 2000.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Your change, as a redline
SCHEDULE 27 Group relief in case of non-resident companies etc.
Section 97.
Part I Amendments of Chapter IV of Part X of the Taxes Act 1988
Availability of relief
1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Limits on amount of relief
3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amendments of Schedule 18 to the Taxes Act 1988
5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commencement
6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II Consequential amendments
Section 76 of the Taxes Act 1988
7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 434A of the Taxes Act 1988
8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 502 of the Taxes Act 1988
9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule 24 to the Taxes Act 1988
10 In Schedule 24 to the Taxes Act 1988 (assumptions for calculating chargeable profits etc. of foreign companies), make paragraph 5 sub-paragraph (1) of that paragraph; and after that sub-paragraph insert—
(2) Where, under Chapter IV of Part X, any relief is in fact surrendered by the company and allowed to another company by way of group relief, it shall be assumed that the chargeable profits of the company, apart from this paragraph, are to be increased by an amount of additional profits equal to the amount of the relief so surrendered and allowed.
.
Schedule 18 to the Finance Act 1998
11 In paragraph 68 of Schedule 18 to the Finance Act 1998 (contents of claim for group relief), after sub-paragraph (2) insert—
(3) A claim for group relief must also state whether or not there is a company mentioned in sub-paragraph (4) that was not resident in the United Kingdom in either or both of the following periods—
(a) the accounting period of the surrendering company to which the surrender relates,
(b) the corresponding accounting period of the claimant company.
(4) Those companies are the claimant company, the surrendering company and any other company by reference to which—
(a) the claimant company and the surrendering company are members of the same group, or
(b) the conditions specified in section 402(3) of the Taxes Act 1988 for the making of the claim are satisfied in the case of the claimant company and the surrendering company.
.
Commencement
12 (1) Paragraphs 7, 8, 10 and 11 have effect in relation to accounting periods ending on or after 1st April 2000.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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.
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.