Finance Act 2021
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
105 Rebates where higher rate of duty paid
(1) Section 19 of VERA 1994 (rebates of vehicle excise duty) is amended as follows. (2) In subsection (3A) for “subsection (3B)” substitute “ subsections (3B) and (3C) ”. (3) After subsection (3B) insert— (3C) Where the annual rate of duty chargeable on a vehicle licence at the time when it was taken out is determined in accordance with paragraph 1GE(2) of Schedule 1 (higher rates of duty: vehicles with a price exceeding £40,000) the relevant amount is given by— ( H × R ) + ( L × P ) 12 where— H is the annual rate of duty chargeable on the licence at the time when it was taken out; R is the number of complete months (if any) of that part of the currency of the licence which is unexpired— in respect of which the rebate condition is satisfied, and which are within the period of six years beginning with the day of registration; L is the annual rate of duty that would have been chargeable on the licence at the time when it was taken out if that time had been after the period of six years beginning with the day of registration; P is the number of complete months (if any) of that part of the currency of the licence which is unexpired— in respect of which the rebate condition is satisfied, and which are not within R. (3D) In subsection (3C) the “day of registration” means the day on which the vehicle in respect of which the licence is in force was first registered under this Act or under the law of a country or territory outside the United Kingdom. (4) The amendments made by this section have effect in relation to cases where a rebate condition (within the meaning of section 19 of VERA 1994) is satisfied on or after 1 April 2021.
105 Rebates where higher rate of duty paid
(1) Section 19 of VERA 1994 (rebates of vehicle excise duty) is amended as follows. (2) In subsection (3A) for “subsection (3B)” substitute “ subsections (3B) and (3C) ”. (3) After subsection (3B) insert— (3C) Where the annual rate of duty chargeable on a vehicle licence at the time when it was taken out is determined in accordance with paragraph 1GE(2) of Schedule 1 (higher rates of duty: vehicles with a price exceeding £40,000) the relevant amount is given by— ( H × R ) + ( L × P ) 12 where— H is the annual rate of duty chargeable on the licence at the time when it was taken out; R is the number of complete months (if any) of that part of the currency of the licence which is unexpired— in respect of which the rebate condition is satisfied, and which are within the period of six years beginning with the day of registration; L is the annual rate of duty that would have been chargeable on the licence at the time when it was taken out if that time had been after the period of six years beginning with the day of registration; P is the number of complete months (if any) of that part of the currency of the licence which is unexpired— in respect of which the rebate condition is satisfied, and which are not within R. (3D) In subsection (3C) the “day of registration” means the day on which the vehicle in respect of which the licence is in force was first registered under this Act or under the law of a country or territory outside the United Kingdom. (4) The amendments made by this section have effect in relation to cases where a rebate condition (within the meaning of section 19 of VERA 1994) is satisfied on or after 1 April 2021.
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.